id	sid	tid	token	lemma	pos
ijassa-277	1	1	microsoft	microsoft	PROPN
ijassa-277	1	2	word	word	NOUN
ijassa-277	1	3	9	9	NUM
ijassa-277	1	4	-	-	PUNCT
ijassa-277	1	5	linhai	linhai	NOUN
ijassa-277	1	6	zhao.doc	zhao.doc	PROPN
ijassa-277	1	7	advances	advance	NOUN
ijassa-277	1	8	in	in	ADP
ijassa-277	1	9	systems	system	NOUN
ijassa-277	1	10	science	science	NOUN
ijassa-277	1	11	and	and	CCONJ
ijassa-277	1	12	applications	application	NOUN
ijassa-277	1	13	(	(	PUNCT
ijassa-277	1	14	2010	2010	NUM
ijassa-277	1	15	)	)	PUNCT
ijassa-277	1	16	,	,	PUNCT
ijassa-277	1	17	vol.10	vol.10	NOUN
ijassa-277	1	18	,	,	PUNCT
ijassa-277	1	19	no.1	no.1	X
ijassa-277	1	20	55	55	NUM
ijassa-277	1	21	-	-	SYM
ijassa-277	1	22	60	60	NUM
ijassa-277	1	23	  	  	SPACE
ijassa-277	1	24	issn	issn	PROPN
ijassa-277	1	25	1078	1078	NUM
ijassa-277	1	26	-	-	PUNCT
ijassa-277	1	27	6236	6236	NUM
ijassa-277	1	28	international	international	PROPN
ijassa-277	1	29	institute	institute	NOUN
ijassa-277	1	30	for	for	ADP
ijassa-277	1	31	general	general	ADJ
ijassa-277	1	32	systems	system	NOUN
ijassa-277	1	33	studies	study	NOUN
ijassa-277	1	34	,	,	PUNCT
ijassa-277	1	35	inc	inc	PROPN
ijassa-277	1	36	.	.	PROPN
ijassa-277	1	37	study	study	PROPN
ijassa-277	1	38	on	on	ADP
ijassa-277	1	39	determinants	determinant	NOUN
ijassa-277	1	40	of	of	ADP
ijassa-277	1	41	the	the	DET
ijassa-277	1	42	abnormal	abnormal	ADJ
ijassa-277	1	43	returns	return	NOUN
ijassa-277	1	44	of	of	ADP
ijassa-277	1	45	a	a	DET
ijassa-277	1	46	-	-	PUNCT
ijassa-277	1	47	shares	share	NOUN
ijassa-277	1	48	on	on	ADP
ijassa-277	1	49	the	the	DET
ijassa-277	1	50	first	first	ADJ
ijassa-277	1	51	listed	list	VERB
ijassa-277	1	52	day	day	NOUN
ijassa-277	1	53	linhai	linhai	PROPN
ijassa-277	1	54	zhao	zhao	PROPN
ijassa-277	1	55	and	and	CCONJ
ijassa-277	1	56	ridong	ridong	VERB
ijassa-277	1	57	hu	hu	PROPN
ijassa-277	1	58	academy	academy	PROPN
ijassa-277	1	59	of	of	ADP
ijassa-277	1	60	quantitative	quantitative	ADJ
ijassa-277	1	61	economics	economic	NOUN
ijassa-277	1	62	,	,	PUNCT
ijassa-277	1	63	huaqiao	huaqiao	PROPN
ijassa-277	1	64	university	university	NOUN
ijassa-277	1	65	,	,	PUNCT
ijassa-277	1	66	quanzhou	quanzhou	PROPN
ijassa-277	1	67	362021	362021	NUM
ijassa-277	1	68	,	,	PUNCT
ijassa-277	1	69	china	china	PROPN
ijassa-277	1	70	email	email	NOUN
ijassa-277	1	71	:	:	PUNCT
ijassa-277	1	72	longmen168@126.com	longmen168@126.com	X
ijassa-277	1	73	abstract	abstract	ADJ
ijassa-277	1	74	on	on	ADP
ijassa-277	1	75	the	the	DET
ijassa-277	1	76	background	background	NOUN
ijassa-277	1	77	of	of	ADP
ijassa-277	1	78	the	the	DET
ijassa-277	1	79	reform	reform	NOUN
ijassa-277	1	80	of	of	ADP
ijassa-277	1	81	split	split	ADJ
ijassa-277	1	82	share	share	NOUN
ijassa-277	1	83	structure	structure	NOUN
ijassa-277	1	84	,	,	PUNCT
ijassa-277	1	85	applying	apply	VERB
ijassa-277	1	86	weighted	weighted	ADJ
ijassa-277	1	87	least	least	ADJ
ijassa-277	1	88	squares	square	NOUN
ijassa-277	1	89	method	method	NOUN
ijassa-277	1	90	of	of	ADP
ijassa-277	1	91	multiple	multiple	ADJ
ijassa-277	1	92	linear	linear	ADJ
ijassa-277	1	93	regression	regression	NOUN
ijassa-277	1	94	model	model	NOUN
ijassa-277	1	95	,	,	PUNCT
ijassa-277	1	96	206	206	NUM
ijassa-277	1	97	a	a	DET
ijassa-277	1	98	-	-	PUNCT
ijassa-277	1	99	shares	share	NOUN
ijassa-277	1	100	issued	issue	VERB
ijassa-277	1	101	and	and	CCONJ
ijassa-277	1	102	listed	list	VERB
ijassa-277	1	103	from	from	ADP
ijassa-277	1	104	january	january	PROPN
ijassa-277	1	105	1st,2004	1st,2004	NUM
ijassa-277	1	106	to	to	ADP
ijassa-277	1	107	december	december	PROPN
ijassa-277	1	108	31st,2007	31st,2007	NUM
ijassa-277	1	109	is	be	AUX
ijassa-277	1	110	empirically	empirically	ADV
ijassa-277	1	111	studied	study	VERB
ijassa-277	1	112	,	,	PUNCT
ijassa-277	1	113	and	and	CCONJ
ijassa-277	1	114	it	it	PRON
ijassa-277	1	115	is	be	AUX
ijassa-277	1	116	found	find	VERB
ijassa-277	1	117	that	that	SCONJ
ijassa-277	1	118	turnover	turnover	NOUN
ijassa-277	1	119	rate	rate	NOUN
ijassa-277	1	120	on	on	ADP
ijassa-277	1	121	the	the	DET
ijassa-277	1	122	first	first	ADJ
ijassa-277	1	123	listed	list	VERB
ijassa-277	1	124	day	day	NOUN
ijassa-277	1	125	,	,	PUNCT
ijassa-277	1	126	size	size	NOUN
ijassa-277	1	127	of	of	ADP
ijassa-277	1	128	money	money	NOUN
ijassa-277	1	129	raised	raise	VERB
ijassa-277	1	130	,	,	PUNCT
ijassa-277	1	131	and	and	CCONJ
ijassa-277	1	132	market	market	NOUN
ijassa-277	1	133	index，have	index，have	VERB
ijassa-277	1	134	significant	significant	ADJ
ijassa-277	1	135	impact	impact	NOUN
ijassa-277	1	136	on	on	ADP
ijassa-277	1	137	the	the	DET
ijassa-277	1	138	abnormal	abnormal	ADJ
ijassa-277	1	139	returns	return	NOUN
ijassa-277	1	140	of	of	ADP
ijassa-277	1	141	a	a	DET
ijassa-277	1	142	-	-	PUNCT
ijassa-277	1	143	shares	share	NOUN
ijassa-277	1	144	on	on	ADP
ijassa-277	1	145	the	the	DET
ijassa-277	1	146	first	first	ADJ
ijassa-277	1	147	listed	list	VERB
ijassa-277	1	148	day	day	NOUN
ijassa-277	1	149	,	,	PUNCT
ijassa-277	1	150	whereas	whereas	SCONJ
ijassa-277	1	151	,	,	PUNCT
ijassa-277	1	152	the	the	DET
ijassa-277	1	153	influence	influence	NOUN
ijassa-277	1	154	of	of	ADP
ijassa-277	1	155	issuing	issue	VERB
ijassa-277	1	156	price	price	NOUN
ijassa-277	1	157	,	,	PUNCT
ijassa-277	1	158	issuing	issue	VERB
ijassa-277	1	159	p	p	X
ijassa-277	1	160	/	/	SYM
ijassa-277	1	161	e	e	NOUN
ijassa-277	1	162	ratio	ratio	NOUN
ijassa-277	1	163	,	,	PUNCT
ijassa-277	1	164	net	net	ADJ
ijassa-277	1	165	asset	asset	NOUN
ijassa-277	1	166	per	per	ADP
ijassa-277	1	167	share	share	NOUN
ijassa-277	1	168	before	before	ADP
ijassa-277	1	169	issuance	issuance	NOUN
ijassa-277	1	170	,	,	PUNCT
ijassa-277	1	171	real	real	ADJ
ijassa-277	1	172	negotiable	negotiable	ADJ
ijassa-277	1	173	share	share	NOUN
ijassa-277	1	174	ratio	ratio	NOUN
ijassa-277	1	175	after	after	ADP
ijassa-277	1	176	issuance	issuance	NOUN
ijassa-277	1	177	,	,	PUNCT
ijassa-277	1	178	method	method	NOUN
ijassa-277	1	179	of	of	ADP
ijassa-277	1	180	issuance	issuance	NOUN
ijassa-277	1	181	and	and	CCONJ
ijassa-277	1	182	the	the	DET
ijassa-277	1	183	reform	reform	NOUN
ijassa-277	1	184	of	of	ADP
ijassa-277	1	185	split	split	ADJ
ijassa-277	1	186	share	share	NOUN
ijassa-277	1	187	structure	structure	NOUN
ijassa-277	1	188	,	,	PUNCT
ijassa-277	1	189	is	be	AUX
ijassa-277	1	190	not	not	PART
ijassa-277	1	191	significant	significant	ADJ
ijassa-277	1	192	.	.	PUNCT
ijassa-277	2	1	keywords	keyword	VERB
ijassa-277	2	2	abnormal	abnormal	ADJ
ijassa-277	2	3	returns	return	NOUN
ijassa-277	2	4	ipo	ipo	NOUN
ijassa-277	2	5	underpricing	underprice	VERB
ijassa-277	2	6	reform	reform	NOUN
ijassa-277	2	7	of	of	ADP
ijassa-277	2	8	split	split	ADJ
ijassa-277	2	9	share	share	NOUN
ijassa-277	2	10	structure	structure	NOUN
ijassa-277	2	11	1	1	NUM
ijassa-277	2	12	.	.	PUNCT
ijassa-277	3	1	introduction	introduction	NOUN
ijassa-277	3	2	in	in	ADP
ijassa-277	3	3	the	the	DET
ijassa-277	3	4	stock	stock	NOUN
ijassa-277	3	5	markets	market	NOUN
ijassa-277	3	6	throughout	throughout	ADP
ijassa-277	3	7	the	the	DET
ijassa-277	3	8	world	world	NOUN
ijassa-277	3	9	there	there	PRON
ijassa-277	3	10	is	be	VERB
ijassa-277	3	11	an	an	DET
ijassa-277	3	12	obvious	obvious	ADJ
ijassa-277	3	13	phenomenon	phenomenon	NOUN
ijassa-277	3	14	of	of	ADP
ijassa-277	3	15	the	the	DET
ijassa-277	3	16	ipo	ipo	NOUN
ijassa-277	3	17	underpricing	underpricing	NOUN
ijassa-277	3	18	,	,	PUNCT
ijassa-277	3	19	that	that	ADV
ijassa-277	3	20	is	is	ADV
ijassa-277	3	21	,	,	PUNCT
ijassa-277	3	22	shares	share	NOUN
ijassa-277	3	23	after	after	ADP
ijassa-277	3	24	an	an	DET
ijassa-277	3	25	initial	initial	ADJ
ijassa-277	3	26	public	public	ADJ
ijassa-277	3	27	offering	offering	NOUN
ijassa-277	3	28	will	will	AUX
ijassa-277	3	29	have	have	VERB
ijassa-277	3	30	high	high	ADJ
ijassa-277	3	31	abnormal	abnormal	ADJ
ijassa-277	3	32	rate	rate	NOUN
ijassa-277	3	33	of	of	ADP
ijassa-277	3	34	returns	return	NOUN
ijassa-277	3	35	on	on	ADP
ijassa-277	3	36	the	the	DET
ijassa-277	3	37	first	first	ADJ
ijassa-277	3	38	listed	list	VERB
ijassa-277	3	39	day[1	day[1	PROPN
ijassa-277	3	40	]	]	PUNCT
ijassa-277	3	41	.	.	PUNCT
ijassa-277	4	1	in	in	ADP
ijassa-277	4	2	spite	spite	NOUN
ijassa-277	4	3	of	of	ADP
ijassa-277	4	4	the	the	DET
ijassa-277	4	5	complexity	complexity	NOUN
ijassa-277	4	6	of	of	ADP
ijassa-277	4	7	china	china	PROPN
ijassa-277	4	8	's	's	PART
ijassa-277	4	9	capital	capital	NOUN
ijassa-277	4	10	market[2	market[2	PROPN
ijassa-277	4	11	]	]	PUNCT
ijassa-277	4	12	,	,	PUNCT
ijassa-277	4	13	the	the	DET
ijassa-277	4	14	regulators	regulator	NOUN
ijassa-277	4	15	have	have	AUX
ijassa-277	4	16	carried	carry	VERB
ijassa-277	4	17	out	out	ADP
ijassa-277	4	18	drastic	drastic	ADJ
ijassa-277	4	19	reform	reform	NOUN
ijassa-277	4	20	and	and	CCONJ
ijassa-277	4	21	the	the	DET
ijassa-277	4	22	market	market	NOUN
ijassa-277	4	23	-	-	PUNCT
ijassa-277	4	24	oriented	orient	VERB
ijassa-277	4	25	objective	objective	NOUN
ijassa-277	4	26	is	be	AUX
ijassa-277	4	27	approaching	approach	VERB
ijassa-277	4	28	step	step	NOUN
ijassa-277	4	29	by	by	ADP
ijassa-277	4	30	step	step	NOUN
ijassa-277	4	31	.	.	PUNCT
ijassa-277	5	1	the	the	DET
ijassa-277	5	2	method	method	NOUN
ijassa-277	5	3	of	of	ADP
ijassa-277	5	4	issuance	issuance	NOUN
ijassa-277	5	5	and	and	CCONJ
ijassa-277	5	6	the	the	DET
ijassa-277	5	7	mode	mode	NOUN
ijassa-277	5	8	of	of	ADP
ijassa-277	5	9	pricing	pricing	NOUN
ijassa-277	5	10	are	be	AUX
ijassa-277	5	11	changing	change	VERB
ijassa-277	5	12	,	,	PUNCT
ijassa-277	5	13	meanwhile	meanwhile	ADV
ijassa-277	5	14	the	the	DET
ijassa-277	5	15	split	split	ADJ
ijassa-277	5	16	share	share	NOUN
ijassa-277	5	17	structure	structure	NOUN
ijassa-277	5	18	reform	reform	NOUN
ijassa-277	5	19	are	be	AUX
ijassa-277	5	20	putting	put	VERB
ijassa-277	5	21	forward	forward	ADV
ijassa-277	5	22	and	and	CCONJ
ijassa-277	5	23	the	the	DET
ijassa-277	5	24	regime	regime	NOUN
ijassa-277	5	25	of	of	ADP
ijassa-277	5	26	new	new	ADJ
ijassa-277	5	27	stock	stock	NOUN
ijassa-277	5	28	issues	issue	NOUN
ijassa-277	5	29	is	be	AUX
ijassa-277	5	30	about	about	ADJ
ijassa-277	5	31	to	to	PART
ijassa-277	5	32	change	change	VERB
ijassa-277	5	33	.	.	PUNCT
ijassa-277	6	1	on	on	ADP
ijassa-277	6	2	the	the	DET
ijassa-277	6	3	background	background	NOUN
ijassa-277	6	4	of	of	ADP
ijassa-277	6	5	the	the	DET
ijassa-277	6	6	great	great	ADJ
ijassa-277	6	7	institutional	institutional	ADJ
ijassa-277	6	8	innovation	innovation	NOUN
ijassa-277	6	9	,	,	PUNCT
ijassa-277	6	10	the	the	DET
ijassa-277	6	11	study	study	NOUN
ijassa-277	6	12	of	of	ADP
ijassa-277	6	13	the	the	DET
ijassa-277	6	14	determinants	determinant	NOUN
ijassa-277	6	15	of	of	ADP
ijassa-277	6	16	the	the	DET
ijassa-277	6	17	abnormal	abnormal	ADJ
ijassa-277	6	18	returns	return	NOUN
ijassa-277	6	19	of	of	ADP
ijassa-277	6	20	a	a	DET
ijassa-277	6	21	-	-	PUNCT
ijassa-277	6	22	shares	share	NOUN
ijassa-277	6	23	on	on	ADP
ijassa-277	6	24	the	the	DET
ijassa-277	6	25	first	first	ADJ
ijassa-277	6	26	listed	list	VERB
ijassa-277	6	27	day	day	NOUN
ijassa-277	6	28	will	will	AUX
ijassa-277	6	29	help	help	VERB
ijassa-277	6	30	understand	understand	VERB
ijassa-277	6	31	the	the	DET
ijassa-277	6	32	determinants	determinant	NOUN
ijassa-277	6	33	of	of	ADP
ijassa-277	6	34	stock	stock	NOUN
ijassa-277	6	35	prices	price	NOUN
ijassa-277	6	36	and	and	CCONJ
ijassa-277	6	37	the	the	DET
ijassa-277	6	38	mechanism	mechanism	NOUN
ijassa-277	6	39	of	of	ADP
ijassa-277	6	40	changes	change	NOUN
ijassa-277	6	41	in	in	ADP
ijassa-277	6	42	the	the	DET
ijassa-277	6	43	prices	price	NOUN
ijassa-277	6	44	,	,	PUNCT
ijassa-277	6	45	promote	promote	VERB
ijassa-277	6	46	china	china	PROPN
ijassa-277	6	47	's	's	PART
ijassa-277	6	48	reform	reform	NOUN
ijassa-277	6	49	of	of	ADP
ijassa-277	6	50	the	the	DET
ijassa-277	6	51	regime	regime	NOUN
ijassa-277	6	52	of	of	ADP
ijassa-277	6	53	the	the	DET
ijassa-277	6	54	issue	issue	NOUN
ijassa-277	6	55	and	and	CCONJ
ijassa-277	6	56	the	the	DET
ijassa-277	6	57	pricing	pricing	NOUN
ijassa-277	6	58	of	of	ADP
ijassa-277	6	59	the	the	DET
ijassa-277	6	60	new	new	ADJ
ijassa-277	6	61	stocks	stock	NOUN
ijassa-277	6	62	,	,	PUNCT
ijassa-277	6	63	and	and	CCONJ
ijassa-277	6	64	is	be	AUX
ijassa-277	6	65	of	of	ADP
ijassa-277	6	66	practical	practical	ADJ
ijassa-277	6	67	significance	significance	NOUN
ijassa-277	6	68	to	to	ADP
ijassa-277	6	69	china	china	PROPN
ijassa-277	6	70	’s	’s	PART
ijassa-277	6	71	stock	stock	NOUN
ijassa-277	6	72	market	market	NOUN
ijassa-277	6	73	to	to	PART
ijassa-277	6	74	play	play	VERB
ijassa-277	6	75	the	the	DET
ijassa-277	6	76	reasonable	reasonable	ADJ
ijassa-277	6	77	and	and	CCONJ
ijassa-277	6	78	adequate	adequate	ADJ
ijassa-277	6	79	role	role	NOUN
ijassa-277	6	80	.	.	PUNCT
ijassa-277	7	1	2	2	X
ijassa-277	7	2	.	.	X
ijassa-277	7	3	research	research	NOUN
ijassa-277	7	4	method	method	NOUN
ijassa-277	7	5	2.1	2.1	NUM
ijassa-277	7	6	research	research	NOUN
ijassa-277	7	7	assumptions	assumption	NOUN
ijassa-277	7	8	in	in	ADP
ijassa-277	7	9	view	view	NOUN
ijassa-277	7	10	of	of	ADP
ijassa-277	7	11	the	the	DET
ijassa-277	7	12	big	big	ADJ
ijassa-277	7	13	going	going	NOUN
ijassa-277	7	14	-	-	PUNCT
ijassa-277	7	15	up	up	ADP
ijassa-277	7	16	margin	margin	NOUN
ijassa-277	7	17	in	in	ADP
ijassa-277	7	18	the	the	DET
ijassa-277	7	19	prices	price	NOUN
ijassa-277	7	20	of	of	ADP
ijassa-277	7	21	china	china	PROPN
ijassa-277	7	22	's	's	PART
ijassa-277	7	23	stocks	stock	NOUN
ijassa-277	7	24	during	during	ADP
ijassa-277	7	25	their	their	PRON
ijassa-277	7	26	initial	initial	ADJ
ijassa-277	7	27	public	public	ADJ
ijassa-277	7	28	offering	offering	NOUN
ijassa-277	7	29	,	,	PUNCT
ijassa-277	7	30	the	the	DET
ijassa-277	7	31	paper	paper	NOUN
ijassa-277	7	32	made	make	VERB
ijassa-277	7	33	the	the	DET
ijassa-277	7	34	following	follow	VERB
ijassa-277	7	35	assumptions	assumption	NOUN
ijassa-277	7	36	:	:	PUNCT
ijassa-277	7	37	first	first	ADV
ijassa-277	7	38	,	,	PUNCT
ijassa-277	7	39	the	the	DET
ijassa-277	7	40	subscription	subscription	NOUN
ijassa-277	7	41	costs	cost	NOUN
ijassa-277	7	42	of	of	ADP
ijassa-277	7	43	new	new	ADJ
ijassa-277	7	44	shares	share	NOUN
ijassa-277	7	45	are	be	AUX
ijassa-277	7	46	ignored	ignore	VERB
ijassa-277	7	47	.	.	PUNCT
ijassa-277	8	1	the	the	DET
ijassa-277	8	2	subscription	subscription	NOUN
ijassa-277	8	3	costs	cost	NOUN
ijassa-277	8	4	include	include	VERB
ijassa-277	8	5	the	the	DET
ijassa-277	8	6	opportunity	opportunity	NOUN
ijassa-277	8	7	costs	cost	NOUN
ijassa-277	8	8	of	of	ADP
ijassa-277	8	9	the	the	DET
ijassa-277	8	10	funds	fund	NOUN
ijassa-277	8	11	used	use	VERB
ijassa-277	8	12	for	for	ADP
ijassa-277	8	13	subscription	subscription	NOUN
ijassa-277	8	14	and	and	CCONJ
ijassa-277	8	15	the	the	DET
ijassa-277	8	16	subscription	subscription	NOUN
ijassa-277	8	17	expenses	expense	NOUN
ijassa-277	8	18	incurred	incur	VERB
ijassa-277	8	19	.	.	PUNCT
ijassa-277	9	1	due	due	ADP
ijassa-277	9	2	to	to	ADP
ijassa-277	9	3	the	the	DET
ijassa-277	9	4	inaccuracy	inaccuracy	NOUN
ijassa-277	9	5	of	of	ADP
ijassa-277	9	6	the	the	DET
ijassa-277	9	7	measurement	measurement	NOUN
ijassa-277	9	8	of	of	ADP
ijassa-277	9	9	the	the	DET
ijassa-277	9	10	opportunity	opportunity	NOUN
ijassa-277	9	11	costs	cost	NOUN
ijassa-277	9	12	,	,	PUNCT
ijassa-277	9	13	and	and	CCONJ
ijassa-277	9	14	the	the	DET
ijassa-277	9	15	very	very	ADV
ijassa-277	9	16	small	small	ADJ
ijassa-277	9	17	ratio	ratio	NOUN
ijassa-277	9	18	of	of	ADP
ijassa-277	9	19	the	the	DET
ijassa-277	9	20	subscription	subscription	NOUN
ijassa-277	9	21	expenses	expense	NOUN
ijassa-277	9	22	to	to	ADP
ijassa-277	9	23	the	the	DET
ijassa-277	9	24	funds	fund	NOUN
ijassa-277	9	25	used	use	VERB
ijassa-277	9	26	for	for	ADP
ijassa-277	9	27	subscription	subscription	NOUN
ijassa-277	9	28	,	,	PUNCT
ijassa-277	9	29	they	they	PRON
ijassa-277	9	30	are	be	AUX
ijassa-277	9	31	all	all	ADV
ijassa-277	9	32	ignored	ignore	VERB
ijassa-277	9	33	here	here	ADV
ijassa-277	9	34	.	.	PUNCT
ijassa-277	10	1	second	second	ADJ
ijassa-277	10	2	,	,	PUNCT
ijassa-277	10	3	transaction	transaction	NOUN
ijassa-277	10	4	costs	cost	NOUN
ijassa-277	10	5	are	be	AUX
ijassa-277	10	6	not	not	PART
ijassa-277	10	7	included	include	VERB
ijassa-277	10	8	.	.	PUNCT
ijassa-277	11	1	the	the	DET
ijassa-277	11	2	transaction	transaction	NOUN
ijassa-277	11	3	cost	cost	NOUN
ijassa-277	11	4	of	of	ADP
ijassa-277	11	5	stock	stock	NOUN
ijassa-277	11	6	mainly	mainly	ADV
ijassa-277	11	7	comprises	comprise	VERB
ijassa-277	11	8	the	the	DET
ijassa-277	11	9	commission	commission	NOUN
ijassa-277	11	10	charged	charge	VERB
ijassa-277	11	11	by	by	ADP
ijassa-277	11	12	stock	stock	NOUN
ijassa-277	11	13	brokers	broker	NOUN
ijassa-277	11	14	and	and	CCONJ
ijassa-277	11	15	the	the	DET
ijassa-277	11	16	stamp	stamp	NOUN
ijassa-277	11	17	duty	duty	NOUN
ijassa-277	11	18	.	.	PUNCT
ijassa-277	12	1	though	though	SCONJ
ijassa-277	12	2	the	the	DET
ijassa-277	12	3	rate	rate	NOUN
ijassa-277	12	4	of	of	ADP
ijassa-277	12	5	stamp	stamp	NOUN
ijassa-277	12	6	duty	duty	NOUN
ijassa-277	12	7	was	be	AUX
ijassa-277	12	8	increased	increase	VERB
ijassa-277	12	9	to	to	ADP
ijassa-277	12	10	3	3	NUM
ijassa-277	12	11	‰	‰	NOUN
ijassa-277	12	12	on	on	ADP
ijassa-277	12	13	may	may	PROPN
ijassa-277	12	14	30th	30th	NUM
ijassa-277	12	15	,	,	PUNCT
ijassa-277	12	16	2007	2007	NUM
ijassa-277	12	17	,	,	PUNCT
ijassa-277	12	18	the	the	DET
ijassa-277	12	19	transaction	transaction	NOUN
ijassa-277	12	20	costs	cost	NOUN
ijassa-277	12	21	accounted	account	VERB
ijassa-277	12	22	for	for	ADP
ijassa-277	12	23	the	the	DET
ijassa-277	12	24	amount	amount	NOUN
ijassa-277	12	25	of	of	ADP
ijassa-277	12	26	the	the	DET
ijassa-277	12	27	investment	investment	NOUN
ijassa-277	12	28	funds	fund	NOUN
ijassa-277	12	29	only	only	ADV
ijassa-277	12	30	about	about	ADV
ijassa-277	12	31	one	one	NUM
ijassa-277	12	32	percent	percent	NOUN
ijassa-277	12	33	.	.	PUNCT
ijassa-277	13	1	third	third	ADJ
ijassa-277	13	2	,	,	PUNCT
ijassa-277	13	3	the	the	DET
ijassa-277	13	4	won	win	VERB
ijassa-277	13	5	rate	rate	NOUN
ijassa-277	13	6	of	of	ADP
ijassa-277	13	7	the	the	DET
ijassa-277	13	8	issuance	issuance	NOUN
ijassa-277	13	9	is	be	AUX
ijassa-277	13	10	not	not	PART
ijassa-277	13	11	considered	consider	VERB
ijassa-277	13	12	.	.	PUNCT
ijassa-277	14	1	the	the	DET
ijassa-277	14	2	won	win	VERB
ijassa-277	14	3	rate	rate	NOUN
ijassa-277	14	4	is	be	AUX
ijassa-277	14	5	often	often	ADV
ijassa-277	14	6	closely	closely	ADV
ijassa-277	14	7	linked	link	VERB
ijassa-277	14	8	with	with	ADP
ijassa-277	14	9	the	the	DET
ijassa-277	14	10	method	method	NOUN
ijassa-277	14	11	of	of	ADP
ijassa-277	14	12	issuance	issuance	NOUN
ijassa-277	14	13	.	.	PUNCT
ijassa-277	15	1	because	because	SCONJ
ijassa-277	15	2	of	of	ADP
ijassa-277	15	3	the	the	DET
ijassa-277	15	4	seriously	seriously	ADV
ijassa-277	15	5	low	low	ADJ
ijassa-277	15	6	won	win	VERB
ijassa-277	15	7	rates	rate	NOUN
ijassa-277	15	8	under	under	ADP
ijassa-277	15	9	each	each	PRON
ijassa-277	15	10	of	of	ADP
ijassa-277	15	11	the	the	DET
ijassa-277	15	12	methods	method	NOUN
ijassa-277	15	13	of	of	ADP
ijassa-277	15	14	issuance	issuance	NOUN
ijassa-277	15	15	,	,	PUNCT
ijassa-277	15	16	they	they	PRON
ijassa-277	15	17	are	be	AUX
ijassa-277	15	18	not	not	PART
ijassa-277	15	19	considered	consider	VERB
ijassa-277	15	20	hereby	hereby	ADJ
ijassa-277	15	21	.	.	PUNCT
ijassa-277	16	1	2.2	2.2	NUM
ijassa-277	16	2	sample	sample	NOUN
ijassa-277	16	3	selected	select	VERB
ijassa-277	16	4	this	this	DET
ijassa-277	16	5	paper	paper	NOUN
ijassa-277	16	6	examined	examine	VERB
ijassa-277	16	7	the	the	DET
ijassa-277	16	8	a	a	PRON
ijassa-277	16	9	-	-	PUNCT
ijassa-277	16	10	shares	share	NOUN
ijassa-277	16	11	listed	list	VERB
ijassa-277	16	12	during	during	ADP
ijassa-277	16	13	the	the	DET
ijassa-277	16	14	period	period	NOUN
ijassa-277	16	15	from	from	ADP
ijassa-277	16	16	january	january	PROPN
ijassa-277	16	17	1st	1st	NOUN
ijassa-277	16	18	,	,	PUNCT
ijassa-277	16	19	2004	2004	NUM
ijassa-277	16	20	to	to	ADP
ijassa-277	16	21	zhao	zhao	PROPN
ijassa-277	16	22	:	:	PUNCT
ijassa-277	16	23	study	study	NOUN
ijassa-277	16	24	on	on	ADP
ijassa-277	16	25	determinants	determinant	NOUN
ijassa-277	16	26	of	of	ADP
ijassa-277	16	27	the	the	DET
ijassa-277	16	28	abnormal	abnormal	ADJ
ijassa-277	16	29	returns	return	NOUN
ijassa-277	16	30	of	of	ADP
ijassa-277	16	31	a	a	DET
ijassa-277	16	32	-	-	PUNCT
ijassa-277	16	33	shares	share	NOUN
ijassa-277	16	34	on	on	ADP
ijassa-277	16	35	the	the	DET
ijassa-277	16	36	first	first	ADJ
ijassa-277	16	37	listed	list	VERB
ijassa-277	16	38	day	day	NOUN
ijassa-277	16	39	56	56	NUM
ijassa-277	16	40	december	december	PROPN
ijassa-277	16	41	31st	31st	NOUN
ijassa-277	16	42	,	,	PUNCT
ijassa-277	16	43	2007	2007	NUM
ijassa-277	16	44	in	in	ADP
ijassa-277	16	45	shenzhen	shenzhen	PROPN
ijassa-277	16	46	stock	stock	PROPN
ijassa-277	16	47	exchange	exchange	PROPN
ijassa-277	16	48	and	and	CCONJ
ijassa-277	16	49	shanghai	shanghai	PROPN
ijassa-277	16	50	stock	stock	PROPN
ijassa-277	16	51	exchange	exchange	PROPN
ijassa-277	16	52	.	.	PUNCT
ijassa-277	17	1	all	all	DET
ijassa-277	17	2	the	the	DET
ijassa-277	17	3	data	datum	NOUN
ijassa-277	17	4	came	come	VERB
ijassa-277	17	5	from	from	ADP
ijassa-277	17	6	the	the	DET
ijassa-277	17	7	"	"	PUNCT
ijassa-277	17	8	ccer	ccer	NOUN
ijassa-277	17	9	capital	capital	NOUN
ijassa-277	17	10	market	market	NOUN
ijassa-277	17	11	research	research	NOUN
ijassa-277	17	12	database	database	NOUN
ijassa-277	17	13	"	"	PUNCT
ijassa-277	17	14	.	.	PUNCT
ijassa-277	18	1	the	the	DET
ijassa-277	18	2	shares	share	NOUN
ijassa-277	18	3	with	with	ADP
ijassa-277	18	4	incomplete	incomplete	ADJ
ijassa-277	18	5	data	datum	NOUN
ijassa-277	18	6	or	or	CCONJ
ijassa-277	18	7	not	not	PART
ijassa-277	18	8	enough	enough	ADJ
ijassa-277	18	9	observations	observation	NOUN
ijassa-277	18	10	are	be	AUX
ijassa-277	18	11	excluded	exclude	VERB
ijassa-277	18	12	.	.	PUNCT
ijassa-277	19	1	in	in	ADP
ijassa-277	19	2	the	the	DET
ijassa-277	19	3	sample	sample	NOUN
ijassa-277	19	4	period	period	NOUN
ijassa-277	19	5	,	,	PUNCT
ijassa-277	19	6	there	there	PRON
ijassa-277	19	7	are	be	VERB
ijassa-277	19	8	300	300	NUM
ijassa-277	19	9	stocks	stock	NOUN
ijassa-277	19	10	newly	newly	ADV
ijassa-277	19	11	listed	list	VERB
ijassa-277	19	12	in	in	ADP
ijassa-277	19	13	shenzhen	shenzhen	PROPN
ijassa-277	19	14	and	and	CCONJ
ijassa-277	19	15	shanghai	shanghai	PROPN
ijassa-277	19	16	.	.	PUNCT
ijassa-277	20	1	206	206	NUM
ijassa-277	20	2	stocks	stock	NOUN
ijassa-277	20	3	in	in	ADP
ijassa-277	20	4	the	the	DET
ijassa-277	20	5	300	300	NUM
ijassa-277	20	6	stocks	stock	NOUN
ijassa-277	20	7	meet	meet	VERB
ijassa-277	20	8	the	the	DET
ijassa-277	20	9	above	above	ADJ
ijassa-277	20	10	requirement	requirement	NOUN
ijassa-277	20	11	,	,	PUNCT
ijassa-277	20	12	of	of	ADP
ijassa-277	20	13	which	which	PRON
ijassa-277	20	14	59	59	NUM
ijassa-277	20	15	are	be	AUX
ijassa-277	20	16	in	in	ADP
ijassa-277	20	17	shanghai	shanghai	PROPN
ijassa-277	20	18	and	and	CCONJ
ijassa-277	20	19	147	147	NUM
ijassa-277	20	20	are	be	AUX
ijassa-277	20	21	in	in	ADP
ijassa-277	20	22	shenzhen	shenzhen	PROPN
ijassa-277	20	23	.	.	PUNCT
ijassa-277	21	1	this	this	DET
ijassa-277	21	2	study	study	NOUN
ijassa-277	21	3	used	use	VERB
ijassa-277	21	4	a	a	DET
ijassa-277	21	5	relatively	relatively	ADV
ijassa-277	21	6	large	large	ADJ
ijassa-277	21	7	sample	sample	NOUN
ijassa-277	21	8	carefully	carefully	ADV
ijassa-277	21	9	selected	select	VERB
ijassa-277	21	10	,	,	PUNCT
ijassa-277	21	11	experienced	experience	VERB
ijassa-277	21	12	the	the	DET
ijassa-277	21	13	important	important	ADJ
ijassa-277	21	14	process	process	NOUN
ijassa-277	21	15	of	of	ADP
ijassa-277	21	16	the	the	DET
ijassa-277	21	17	market	market	NOUN
ijassa-277	21	18	-	-	PUNCT
ijassa-277	21	19	oriented	orient	VERB
ijassa-277	21	20	evolution	evolution	NOUN
ijassa-277	21	21	of	of	ADP
ijassa-277	21	22	china	china	PROPN
ijassa-277	21	23	's	's	PART
ijassa-277	21	24	securities	security	NOUN
ijassa-277	21	25	market	market	NOUN
ijassa-277	21	26	,	,	PUNCT
ijassa-277	21	27	and	and	CCONJ
ijassa-277	21	28	can	can	AUX
ijassa-277	21	29	more	more	ADV
ijassa-277	21	30	comprehensively	comprehensively	ADV
ijassa-277	21	31	and	and	CCONJ
ijassa-277	21	32	accurately	accurately	ADV
ijassa-277	21	33	reflect	reflect	VERB
ijassa-277	21	34	actual	actual	ADJ
ijassa-277	21	35	level	level	NOUN
ijassa-277	21	36	of	of	ADP
ijassa-277	21	37	the	the	DET
ijassa-277	21	38	ipo	ipo	NOUN
ijassa-277	21	39	abnormal	abnormal	ADJ
ijassa-277	21	40	returns	return	NOUN
ijassa-277	21	41	of	of	ADP
ijassa-277	21	42	the	the	DET
ijassa-277	21	43	china	china	PROPN
ijassa-277	21	44	's	's	PART
ijassa-277	21	45	a	a	DET
ijassa-277	21	46	-	-	PUNCT
ijassa-277	21	47	share	share	NOUN
ijassa-277	21	48	market	market	NOUN
ijassa-277	21	49	and	and	CCONJ
ijassa-277	21	50	the	the	DET
ijassa-277	21	51	changes	change	NOUN
ijassa-277	21	52	in	in	ADP
ijassa-277	21	53	the	the	DET
ijassa-277	21	54	process	process	NOUN
ijassa-277	21	55	.	.	PUNCT
ijassa-277	22	1	excel	excel	VERB
ijassa-277	22	2	and	and	CCONJ
ijassa-277	22	3	spss	spss	PROPN
ijassa-277	22	4	11.5	11.5	NUM
ijassa-277	22	5	are	be	AUX
ijassa-277	22	6	applied	apply	VERB
ijassa-277	22	7	to	to	PART
ijassa-277	22	8	conduct	conduct	VERB
ijassa-277	22	9	the	the	DET
ijassa-277	22	10	statistical	statistical	ADJ
ijassa-277	22	11	analysis	analysis	NOUN
ijassa-277	22	12	[	[	X
ijassa-277	22	13	3,4	3,4	NUM
ijassa-277	22	14	]	]	PUNCT
ijassa-277	22	15	.	.	PUNCT
ijassa-277	23	1	2.3	2.3	NUM
ijassa-277	23	2	the	the	DET
ijassa-277	23	3	measurement	measurement	NOUN
ijassa-277	23	4	of	of	ADP
ijassa-277	23	5	the	the	DET
ijassa-277	23	6	ipo	ipo	NOUN
ijassa-277	23	7	abnormal	abnormal	ADJ
ijassa-277	23	8	returns	return	NOUN
ijassa-277	23	9	to	to	PART
ijassa-277	23	10	measure	measure	VERB
ijassa-277	23	11	it	it	PRON
ijassa-277	23	12	,	,	PUNCT
ijassa-277	23	13	the	the	DET
ijassa-277	23	14	following	follow	VERB
ijassa-277	23	15	formula	formula	NOUN
ijassa-277	23	16	is	be	AUX
ijassa-277	23	17	used	use	VERB
ijassa-277	23	18	:	:	PUNCT
ijassa-277	23	19	1	1	NUM
ijassa-277	23	20	0	0	NUM
ijassa-277	23	21	1	1	NUM
ijassa-277	23	22	0(ln	0(ln	NUM
ijassa-277	23	23	ln	ln	NOUN
ijassa-277	23	24	)	)	PUNCT
ijassa-277	23	25	(	(	PUNCT
ijassa-277	23	26	ln	ln	NOUN
ijassa-277	23	27	ln	ln	ADJ
ijassa-277	23	28	)	)	PUNCT
ijassa-277	24	1	j	j	PROPN
ijassa-277	24	2	j	j	PROPN
ijassa-277	24	3	j	j	PROPN
ijassa-277	25	1	j	j	PROPN
ijassa-277	25	2	jr	jr	PROPN
ijassa-277	26	1	p	p	PROPN
ijassa-277	26	2	p	p	X
ijassa-277	26	3	m	m	PROPN
ijassa-277	26	4	m=	m=	ADJ
ijassa-277	26	5	−	−	ADP
ijassa-277	26	6	−	−	PROPN
ijassa-277	27	1	−	−	PROPN
ijassa-277	27	2	(	(	PUNCT
ijassa-277	27	3	1	1	NUM
ijassa-277	27	4	)	)	PUNCT
ijassa-277	27	5	where	where	SCONJ
ijassa-277	27	6	,	,	PUNCT
ijassa-277	27	7	jr	jr	PROPN
ijassa-277	27	8	stands	stand	VERB
ijassa-277	27	9	for	for	ADP
ijassa-277	27	10	the	the	DET
ijassa-277	27	11	ipo	ipo	PROPN
ijassa-277	27	12	abnormal	abnormal	ADJ
ijassa-277	27	13	return	return	NOUN
ijassa-277	27	14	of	of	ADP
ijassa-277	27	15	the	the	DET
ijassa-277	27	16	j	j	PROPN
ijassa-277	27	17	-	-	PUNCT
ijassa-277	27	18	th	th	VERB
ijassa-277	27	19	stock	stock	NOUN
ijassa-277	27	20	adjusted	adjust	VERB
ijassa-277	27	21	by	by	ADP
ijassa-277	27	22	the	the	DET
ijassa-277	27	23	market	market	NOUN
ijassa-277	27	24	return	return	NOUN
ijassa-277	27	25	,	,	PUNCT
ijassa-277	27	26	1	1	NUM
ijassa-277	27	27	jp	jp	NOUN
ijassa-277	27	28	stands	stand	VERB
ijassa-277	27	29	for	for	ADP
ijassa-277	27	30	the	the	DET
ijassa-277	27	31	closing	closing	NOUN
ijassa-277	27	32	price	price	NOUN
ijassa-277	27	33	of	of	ADP
ijassa-277	27	34	the	the	DET
ijassa-277	27	35	j	j	PROPN
ijassa-277	27	36	-	-	PUNCT
ijassa-277	27	37	th	th	VERB
ijassa-277	27	38	stock	stock	NOUN
ijassa-277	27	39	on	on	ADP
ijassa-277	27	40	the	the	DET
ijassa-277	27	41	first	first	ADJ
ijassa-277	27	42	listed	list	VERB
ijassa-277	27	43	day	day	NOUN
ijassa-277	27	44	,	,	PUNCT
ijassa-277	27	45	0	0	NUM
ijassa-277	27	46	jp	jp	NOUN
ijassa-277	27	47	stands	stand	VERB
ijassa-277	27	48	for	for	ADP
ijassa-277	27	49	the	the	DET
ijassa-277	27	50	issuing	issue	VERB
ijassa-277	27	51	price	price	NOUN
ijassa-277	27	52	of	of	ADP
ijassa-277	27	53	the	the	DET
ijassa-277	27	54	j	j	PROPN
ijassa-277	27	55	-	-	PUNCT
ijassa-277	27	56	th	th	VERB
ijassa-277	27	57	stock	stock	NOUN
ijassa-277	27	58	,	,	PUNCT
ijassa-277	27	59	and	and	CCONJ
ijassa-277	27	60	1	1	NUM
ijassa-277	27	61	jm	jm	NOUN
ijassa-277	27	62	and	and	CCONJ
ijassa-277	27	63	0	0	NUM
ijassa-277	27	64	jm	jm	PROPN
ijassa-277	27	65	are	be	AUX
ijassa-277	27	66	the	the	DET
ijassa-277	27	67	closing	close	VERB
ijassa-277	27	68	market	market	NOUN
ijassa-277	27	69	indices	index	NOUN
ijassa-277	27	70	on	on	ADP
ijassa-277	27	71	the	the	DET
ijassa-277	27	72	first	first	ADJ
ijassa-277	27	73	listed	list	VERB
ijassa-277	27	74	day	day	NOUN
ijassa-277	27	75	of	of	ADP
ijassa-277	27	76	the	the	DET
ijassa-277	27	77	j	j	PROPN
ijassa-277	27	78	-	-	PUNCT
ijassa-277	27	79	th	th	VERB
ijassa-277	27	80	stock	stock	NOUN
ijassa-277	27	81	and	and	CCONJ
ijassa-277	27	82	on	on	ADP
ijassa-277	27	83	the	the	DET
ijassa-277	27	84	issuing	issue	VERB
ijassa-277	27	85	day	day	NOUN
ijassa-277	27	86	of	of	ADP
ijassa-277	27	87	this	this	DET
ijassa-277	27	88	stock	stock	NOUN
ijassa-277	27	89	respectively	respectively	ADV
ijassa-277	27	90	.	.	PUNCT
ijassa-277	28	1	2.4	2.4	NUM
ijassa-277	28	2	the	the	DET
ijassa-277	28	3	hypotheses	hypothesis	NOUN
ijassa-277	28	4	to	to	PART
ijassa-277	28	5	be	be	AUX
ijassa-277	28	6	examined	examine	VERB
ijassa-277	28	7	through	through	ADP
ijassa-277	28	8	analysis	analysis	NOUN
ijassa-277	28	9	,	,	PUNCT
ijassa-277	28	10	there	there	PRON
ijassa-277	28	11	are	be	VERB
ijassa-277	28	12	8	8	NUM
ijassa-277	28	13	hypotheses	hypothesis	NOUN
ijassa-277	28	14	to	to	PART
ijassa-277	28	15	be	be	AUX
ijassa-277	28	16	examined	examine	VERB
ijassa-277	28	17	:	:	PUNCT
ijassa-277	28	18	hypothesis	hypothesis	NOUN
ijassa-277	28	19	1	1	NUM
ijassa-277	28	20	:	:	PUNCT
ijassa-277	28	21	the	the	DET
ijassa-277	28	22	methods	method	NOUN
ijassa-277	28	23	of	of	ADP
ijassa-277	28	24	issuance	issuance	NOUN
ijassa-277	28	25	influence	influence	NOUN
ijassa-277	28	26	the	the	DET
ijassa-277	28	27	abnormal	abnormal	ADJ
ijassa-277	28	28	returns	return	NOUN
ijassa-277	28	29	on	on	ADP
ijassa-277	28	30	the	the	DET
ijassa-277	28	31	first	first	ADJ
ijassa-277	28	32	listed	list	VERB
ijassa-277	28	33	day	day	NOUN
ijassa-277	28	34	.	.	PUNCT
ijassa-277	29	1	the	the	DET
ijassa-277	29	2	methods	method	NOUN
ijassa-277	29	3	of	of	ADP
ijassa-277	29	4	issuance	issuance	NOUN
ijassa-277	29	5	of	of	ADP
ijassa-277	29	6	the	the	DET
ijassa-277	29	7	sampled	sample	VERB
ijassa-277	29	8	stocks	stock	NOUN
ijassa-277	29	9	are	be	AUX
ijassa-277	29	10	categorized	categorize	VERB
ijassa-277	29	11	as	as	ADP
ijassa-277	29	12	following	follow	VERB
ijassa-277	29	13	:	:	PUNCT
ijassa-277	29	14	issuance	issuance	NOUN
ijassa-277	29	15	through	through	ADP
ijassa-277	29	16	the	the	DET
ijassa-277	29	17	trading	trading	NOUN
ijassa-277	29	18	network	network	NOUN
ijassa-277	29	19	with	with	ADP
ijassa-277	29	20	fixed	fix	VERB
ijassa-277	29	21	price	price	NOUN
ijassa-277	29	22	,	,	PUNCT
ijassa-277	29	23	issuance	issuance	NOUN
ijassa-277	29	24	off	off	ADP
ijassa-277	29	25	the	the	DET
ijassa-277	29	26	trading	trading	NOUN
ijassa-277	29	27	network	network	NOUN
ijassa-277	29	28	by	by	ADP
ijassa-277	29	29	inquiry	inquiry	NOUN
ijassa-277	29	30	,	,	PUNCT
ijassa-277	29	31	the	the	DET
ijassa-277	29	32	secondary	secondary	ADJ
ijassa-277	29	33	market	market	NOUN
ijassa-277	29	34	placement	placement	NOUN
ijassa-277	29	35	,	,	PUNCT
ijassa-277	29	36	corporate	corporate	ADJ
ijassa-277	29	37	placement	placement	NOUN
ijassa-277	29	38	(	(	PUNCT
ijassa-277	29	39	including	include	VERB
ijassa-277	29	40	the	the	DET
ijassa-277	29	41	strategic	strategic	ADJ
ijassa-277	29	42	placement	placement	NOUN
ijassa-277	29	43	,	,	PUNCT
ijassa-277	29	44	placement	placement	NOUN
ijassa-277	29	45	off	off	ADP
ijassa-277	29	46	the	the	DET
ijassa-277	29	47	trading	trading	NOUN
ijassa-277	29	48	network	network	NOUN
ijassa-277	29	49	and	and	CCONJ
ijassa-277	29	50	private	private	ADJ
ijassa-277	29	51	placement	placement	NOUN
ijassa-277	29	52	)	)	PUNCT
ijassa-277	29	53	.	.	PUNCT
ijassa-277	30	1	hereby	hereby	ADV
ijassa-277	30	2	,	,	PUNCT
ijassa-277	30	3	issuance	issuance	NOUN
ijassa-277	30	4	through	through	ADP
ijassa-277	30	5	the	the	DET
ijassa-277	30	6	trading	trading	NOUN
ijassa-277	30	7	network	network	NOUN
ijassa-277	30	8	with	with	ADP
ijassa-277	30	9	fixed	fix	VERB
ijassa-277	30	10	price	price	NOUN
ijassa-277	30	11	and	and	CCONJ
ijassa-277	30	12	issuance	issuance	NOUN
ijassa-277	30	13	off	off	ADP
ijassa-277	30	14	the	the	DET
ijassa-277	30	15	trading	trading	NOUN
ijassa-277	30	16	network	network	NOUN
ijassa-277	30	17	by	by	ADP
ijassa-277	30	18	inquiry	inquiry	NOUN
ijassa-277	30	19	are	be	AUX
ijassa-277	30	20	classified	classify	VERB
ijassa-277	30	21	by	by	ADP
ijassa-277	30	22	the	the	DET
ijassa-277	30	23	methods	method	NOUN
ijassa-277	30	24	of	of	ADP
ijassa-277	30	25	pricing	pricing	NOUN
ijassa-277	30	26	;	;	PUNCT
ijassa-277	30	27	the	the	DET
ijassa-277	30	28	secondary	secondary	ADJ
ijassa-277	30	29	market	market	NOUN
ijassa-277	30	30	placement	placement	NOUN
ijassa-277	30	31	and	and	CCONJ
ijassa-277	30	32	corporate	corporate	ADJ
ijassa-277	30	33	placement	placement	NOUN
ijassa-277	30	34	are	be	AUX
ijassa-277	30	35	classified	classify	VERB
ijassa-277	30	36	by	by	ADP
ijassa-277	30	37	the	the	DET
ijassa-277	30	38	types	type	NOUN
ijassa-277	30	39	of	of	ADP
ijassa-277	30	40	investors	investor	NOUN
ijassa-277	30	41	.	.	PUNCT
ijassa-277	31	1	these	these	DET
ijassa-277	31	2	methods	method	NOUN
ijassa-277	31	3	of	of	ADP
ijassa-277	31	4	issuance	issuance	NOUN
ijassa-277	31	5	are	be	AUX
ijassa-277	31	6	often	often	ADV
ijassa-277	31	7	combined	combine	VERB
ijassa-277	31	8	.	.	PUNCT
ijassa-277	32	1	different	different	ADJ
ijassa-277	32	2	method	method	NOUN
ijassa-277	32	3	of	of	ADP
ijassa-277	32	4	issuance	issuance	NOUN
ijassa-277	32	5	may	may	AUX
ijassa-277	32	6	affect	affect	VERB
ijassa-277	32	7	the	the	DET
ijassa-277	32	8	ipo	ipo	NOUN
ijassa-277	32	9	abnormal	abnormal	ADJ
ijassa-277	32	10	returns	return	NOUN
ijassa-277	32	11	differently	differently	ADV
ijassa-277	32	12	.	.	PUNCT
ijassa-277	33	1	hypothesis	hypothesis	NOUN
ijassa-277	33	2	2	2	NUM
ijassa-277	33	3	:	:	PUNCT
ijassa-277	33	4	the	the	DET
ijassa-277	33	5	issuing	issue	VERB
ijassa-277	33	6	price	price	NOUN
ijassa-277	33	7	is	be	AUX
ijassa-277	33	8	negatively	negatively	ADV
ijassa-277	33	9	related	relate	VERB
ijassa-277	33	10	to	to	ADP
ijassa-277	33	11	the	the	DET
ijassa-277	33	12	abnormal	abnormal	ADJ
ijassa-277	33	13	returns	return	NOUN
ijassa-277	33	14	on	on	ADP
ijassa-277	33	15	the	the	DET
ijassa-277	33	16	first	first	ADJ
ijassa-277	33	17	listed	list	VERB
ijassa-277	33	18	day	day	NOUN
ijassa-277	33	19	.	.	PUNCT
ijassa-277	34	1	for	for	ADP
ijassa-277	34	2	the	the	DET
ijassa-277	34	3	stocks	stock	NOUN
ijassa-277	34	4	with	with	ADP
ijassa-277	34	5	lower	low	ADJ
ijassa-277	34	6	issuing	issuing	NOUN
ijassa-277	34	7	price	price	NOUN
ijassa-277	34	8	,	,	PUNCT
ijassa-277	34	9	the	the	DET
ijassa-277	34	10	rising	rise	VERB
ijassa-277	34	11	intervals	interval	NOUN
ijassa-277	34	12	of	of	ADP
ijassa-277	34	13	their	their	PRON
ijassa-277	34	14	prices	price	NOUN
ijassa-277	34	15	are	be	AUX
ijassa-277	34	16	larger	large	ADJ
ijassa-277	34	17	and	and	CCONJ
ijassa-277	34	18	the	the	DET
ijassa-277	34	19	magnitudes	magnitude	NOUN
ijassa-277	34	20	of	of	ADP
ijassa-277	34	21	the	the	DET
ijassa-277	34	22	rise	rise	NOUN
ijassa-277	34	23	are	be	AUX
ijassa-277	34	24	larger	large	ADJ
ijassa-277	34	25	.	.	PUNCT
ijassa-277	35	1	hypothesis	hypothesis	NOUN
ijassa-277	35	2	3	3	NUM
ijassa-277	35	3	:	:	PUNCT
ijassa-277	35	4	the	the	DET
ijassa-277	35	5	issuing	issue	VERB
ijassa-277	35	6	p	p	X
ijassa-277	35	7	/	/	SYM
ijassa-277	35	8	e	e	NOUN
ijassa-277	35	9	ratio	ratio	NOUN
ijassa-277	35	10	is	be	AUX
ijassa-277	35	11	related	relate	VERB
ijassa-277	35	12	to	to	ADP
ijassa-277	35	13	the	the	DET
ijassa-277	35	14	abnormal	abnormal	ADJ
ijassa-277	35	15	returns	return	NOUN
ijassa-277	35	16	on	on	ADP
ijassa-277	35	17	the	the	DET
ijassa-277	35	18	first	first	ADJ
ijassa-277	35	19	listed	list	VERB
ijassa-277	35	20	day	day	NOUN
ijassa-277	35	21	.	.	PUNCT
ijassa-277	36	1	hypothesis	hypothesis	NOUN
ijassa-277	36	2	4	4	NUM
ijassa-277	36	3	:	:	PUNCT
ijassa-277	36	4	the	the	DET
ijassa-277	36	5	negotiable	negotiable	ADJ
ijassa-277	36	6	share	share	NOUN
ijassa-277	36	7	ratio	ratio	NOUN
ijassa-277	36	8	positively	positively	ADV
ijassa-277	36	9	correlates	correlate	VERB
ijassa-277	36	10	with	with	ADP
ijassa-277	36	11	the	the	DET
ijassa-277	36	12	abnormal	abnormal	ADJ
ijassa-277	36	13	returns	return	NOUN
ijassa-277	36	14	on	on	ADP
ijassa-277	36	15	the	the	DET
ijassa-277	36	16	first	first	ADJ
ijassa-277	36	17	listed	list	VERB
ijassa-277	36	18	day[5,6	day[5,6	NOUN
ijassa-277	36	19	]	]	PUNCT
ijassa-277	36	20	.	.	PUNCT
ijassa-277	37	1	for	for	ADP
ijassa-277	37	2	firms	firm	NOUN
ijassa-277	37	3	with	with	ADP
ijassa-277	37	4	lower	low	ADJ
ijassa-277	37	5	negotiable	negotiable	ADJ
ijassa-277	37	6	share	share	NOUN
ijassa-277	37	7	ratio	ratio	NOUN
ijassa-277	37	8	,	,	PUNCT
ijassa-277	37	9	their	their	PRON
ijassa-277	37	10	risks	risk	NOUN
ijassa-277	37	11	of	of	ADP
ijassa-277	37	12	corporate	corporate	ADJ
ijassa-277	37	13	governance	governance	NOUN
ijassa-277	37	14	tend	tend	VERB
ijassa-277	37	15	to	to	PART
ijassa-277	37	16	be	be	AUX
ijassa-277	37	17	larger	large	ADJ
ijassa-277	37	18	,	,	PUNCT
ijassa-277	37	19	and	and	CCONJ
ijassa-277	37	20	the	the	DET
ijassa-277	37	21	probability	probability	NOUN
ijassa-277	37	22	of	of	ADP
ijassa-277	37	23	mergers	merger	NOUN
ijassa-277	37	24	and	and	CCONJ
ijassa-277	37	25	acquisitions	acquisition	NOUN
ijassa-277	37	26	is	be	AUX
ijassa-277	37	27	bigger	big	ADJ
ijassa-277	37	28	after	after	ADP
ijassa-277	37	29	the	the	DET
ijassa-277	37	30	issuance	issuance	NOUN
ijassa-277	37	31	.	.	PUNCT
ijassa-277	38	1	this	this	PRON
ijassa-277	38	2	may	may	AUX
ijassa-277	38	3	lead	lead	VERB
ijassa-277	38	4	to	to	ADP
ijassa-277	38	5	the	the	DET
ijassa-277	38	6	smaller	small	ADJ
ijassa-277	38	7	magnitude	magnitude	NOUN
ijassa-277	38	8	of	of	ADP
ijassa-277	38	9	the	the	DET
ijassa-277	38	10	rise	rise	NOUN
ijassa-277	38	11	of	of	ADP
ijassa-277	38	12	the	the	DET
ijassa-277	38	13	price	price	NOUN
ijassa-277	38	14	of	of	ADP
ijassa-277	38	15	the	the	DET
ijassa-277	38	16	stock	stock	NOUN
ijassa-277	38	17	on	on	ADP
ijassa-277	38	18	the	the	DET
ijassa-277	38	19	first	first	ADJ
ijassa-277	38	20	listed	list	VERB
ijassa-277	38	21	day	day	NOUN
ijassa-277	38	22	.	.	PUNCT
ijassa-277	39	1	hypothesis	hypothesis	NOUN
ijassa-277	39	2	5	5	NUM
ijassa-277	39	3	:	:	PUNCT
ijassa-277	39	4	the	the	DET
ijassa-277	39	5	turnover	turnover	NOUN
ijassa-277	39	6	rate	rate	NOUN
ijassa-277	39	7	on	on	ADP
ijassa-277	39	8	the	the	DET
ijassa-277	39	9	first	first	ADJ
ijassa-277	39	10	listed	list	VERB
ijassa-277	39	11	day	day	NOUN
ijassa-277	39	12	and	and	CCONJ
ijassa-277	39	13	net	net	ADJ
ijassa-277	39	14	asset	asset	NOUN
ijassa-277	39	15	per	per	ADP
ijassa-277	39	16	share	share	NOUN
ijassa-277	39	17	before	before	ADP
ijassa-277	39	18	issuance	issuance	NOUN
ijassa-277	39	19	positively	positively	ADV
ijassa-277	39	20	correlates	correlate	VERB
ijassa-277	39	21	with	with	ADP
ijassa-277	39	22	the	the	DET
ijassa-277	39	23	abnormal	abnormal	ADJ
ijassa-277	39	24	returns	return	NOUN
ijassa-277	39	25	on	on	ADP
ijassa-277	39	26	the	the	DET
ijassa-277	39	27	first	first	ADJ
ijassa-277	39	28	listed	list	VERB
ijassa-277	39	29	day	day	NOUN
ijassa-277	39	30	.	.	PUNCT
ijassa-277	40	1	the	the	PRON
ijassa-277	40	2	larger	large	ADJ
ijassa-277	40	3	the	the	DET
ijassa-277	40	4	turnover	turnover	NOUN
ijassa-277	40	5	rate	rate	NOUN
ijassa-277	40	6	and	and	CCONJ
ijassa-277	40	7	the	the	PRON
ijassa-277	40	8	more	more	ADJ
ijassa-277	40	9	the	the	DET
ijassa-277	40	10	net	net	ADJ
ijassa-277	40	11	asset	asset	NOUN
ijassa-277	40	12	per	per	ADP
ijassa-277	40	13	share	share	NOUN
ijassa-277	40	14	of	of	ADP
ijassa-277	40	15	the	the	DET
ijassa-277	40	16	newly	newly	ADV
ijassa-277	40	17	issued	issue	VERB
ijassa-277	40	18	stock	stock	NOUN
ijassa-277	40	19	,	,	PUNCT
ijassa-277	40	20	the	the	PRON
ijassa-277	40	21	more	more	ADJ
ijassa-277	40	22	investors	investor	NOUN
ijassa-277	40	23	are	be	AUX
ijassa-277	40	24	in	in	ADP
ijassa-277	40	25	the	the	DET
ijassa-277	40	26	secondary	secondary	ADJ
ijassa-277	40	27	market	market	NOUN
ijassa-277	40	28	for	for	ADP
ijassa-277	40	29	this	this	DET
ijassa-277	40	30	stock	stock	NOUN
ijassa-277	40	31	.	.	PUNCT
ijassa-277	41	1	that	that	SCONJ
ijassa-277	41	2	too	too	ADV
ijassa-277	41	3	many	many	ADJ
ijassa-277	41	4	investors	investor	NOUN
ijassa-277	41	5	rush	rush	VERB
ijassa-277	41	6	for	for	ADP
ijassa-277	41	7	the	the	DET
ijassa-277	41	8	stock	stock	NOUN
ijassa-277	41	9	will	will	AUX
ijassa-277	41	10	push	push	VERB
ijassa-277	41	11	the	the	DET
ijassa-277	41	12	price	price	NOUN
ijassa-277	41	13	upward	upward	ADV
ijassa-277	41	14	.	.	PUNCT
ijassa-277	42	1	hypothesis	hypothesis	NOUN
ijassa-277	42	2	6	6	NUM
ijassa-277	42	3	:	:	PUNCT
ijassa-277	42	4	the	the	DET
ijassa-277	42	5	size	size	NOUN
ijassa-277	42	6	of	of	ADP
ijassa-277	42	7	money	money	NOUN
ijassa-277	42	8	raised	raise	VERB
ijassa-277	42	9	negatively	negatively	ADV
ijassa-277	42	10	correlates	correlate	VERB
ijassa-277	42	11	with	with	ADP
ijassa-277	42	12	the	the	DET
ijassa-277	42	13	abnormal	abnormal	ADJ
ijassa-277	42	14	returns	return	NOUN
ijassa-277	42	15	on	on	ADP
ijassa-277	42	16	the	the	DET
ijassa-277	42	17	first	first	ADJ
ijassa-277	42	18	listed	list	VERB
ijassa-277	42	19	day	day	NOUN
ijassa-277	42	20	.	.	PUNCT
ijassa-277	43	1	the	the	DET
ijassa-277	43	2	smaller	small	ADJ
ijassa-277	43	3	size	size	NOUN
ijassa-277	43	4	of	of	ADP
ijassa-277	43	5	money	money	NOUN
ijassa-277	43	6	raised	raise	VERB
ijassa-277	43	7	,	,	PUNCT
ijassa-277	43	8	the	the	DET
ijassa-277	43	9	more	more	ADJ
ijassa-277	43	10	speculators	speculator	NOUN
ijassa-277	43	11	buy	buy	VERB
ijassa-277	43	12	the	the	DET
ijassa-277	43	13	stock	stock	NOUN
ijassa-277	43	14	and	and	CCONJ
ijassa-277	43	15	the	the	DET
ijassa-277	43	16	higher	high	ADJ
ijassa-277	43	17	of	of	ADP
ijassa-277	43	18	the	the	DET
ijassa-277	43	19	abnormal	abnormal	ADJ
ijassa-277	43	20	returns	return	NOUN
ijassa-277	43	21	on	on	ADP
ijassa-277	43	22	the	the	DET
ijassa-277	43	23	first	first	ADJ
ijassa-277	43	24	listed	list	VERB
ijassa-277	43	25	day	day	NOUN
ijassa-277	43	26	.	.	PUNCT
ijassa-277	44	1	hypothesis	hypothesis	NOUN
ijassa-277	44	2	7	7	NUM
ijassa-277	44	3	:	:	PUNCT
ijassa-277	44	4	the	the	DET
ijassa-277	44	5	market	market	NOUN
ijassa-277	44	6	index	index	NOUN
ijassa-277	44	7	positively	positively	ADV
ijassa-277	44	8	correlates	correlate	VERB
ijassa-277	44	9	with	with	ADP
ijassa-277	44	10	the	the	DET
ijassa-277	44	11	abnormal	abnormal	ADJ
ijassa-277	44	12	returns	return	NOUN
ijassa-277	44	13	on	on	ADP
ijassa-277	44	14	the	the	DET
ijassa-277	44	15	first	first	ADJ
ijassa-277	44	16	listed	list	VERB
ijassa-277	44	17	day	day	NOUN
ijassa-277	44	18	.	.	PUNCT
ijassa-277	45	1	the	the	DET
ijassa-277	45	2	higher	high	ADJ
ijassa-277	45	3	market	market	NOUN
ijassa-277	45	4	index	index	NOUN
ijassa-277	45	5	shows	show	VERB
ijassa-277	45	6	that	that	SCONJ
ijassa-277	45	7	the	the	DET
ijassa-277	45	8	market	market	NOUN
ijassa-277	45	9	is	be	AUX
ijassa-277	45	10	in	in	ADP
ijassa-277	45	11	better	well	ADJ
ijassa-277	45	12	condition	condition	NOUN
ijassa-277	45	13	and	and	CCONJ
ijassa-277	45	14	investors	investor	NOUN
ijassa-277	45	15	are	be	AUX
ijassa-277	45	16	more	more	ADV
ijassa-277	45	17	confident	confident	ADJ
ijassa-277	45	18	.	.	PUNCT
ijassa-277	46	1	this	this	PRON
ijassa-277	46	2	will	will	AUX
ijassa-277	46	3	heighten	heighten	VERB
ijassa-277	46	4	the	the	DET
ijassa-277	46	5	trading	trading	NOUN
ijassa-277	46	6	price	price	NOUN
ijassa-277	46	7	and	and	CCONJ
ijassa-277	46	8	lead	lead	VERB
ijassa-277	46	9	to	to	ADP
ijassa-277	46	10	higher	high	ADJ
ijassa-277	46	11	abnormal	abnormal	ADJ
ijassa-277	46	12	returns	return	NOUN
ijassa-277	46	13	on	on	ADP
ijassa-277	46	14	the	the	DET
ijassa-277	46	15	first	first	ADJ
ijassa-277	46	16	listed	list	VERB
ijassa-277	46	17	day	day	NOUN
ijassa-277	46	18	.	.	PUNCT
ijassa-277	47	1	hypothesis	hypothesis	NOUN
ijassa-277	47	2	8	8	NUM
ijassa-277	47	3	:	:	PUNCT
ijassa-277	47	4	listed	list	VERB
ijassa-277	47	5	before	before	ADP
ijassa-277	47	6	or	or	CCONJ
ijassa-277	47	7	after	after	SCONJ
ijassa-277	47	8	the	the	DET
ijassa-277	47	9	reform	reform	NOUN
ijassa-277	47	10	of	of	ADP
ijassa-277	47	11	split	split	ADJ
ijassa-277	47	12	share	share	NOUN
ijassa-277	47	13	structure	structure	NOUN
ijassa-277	47	14	is	be	AUX
ijassa-277	47	15	related	relate	VERB
ijassa-277	47	16	to	to	ADP
ijassa-277	47	17	the	the	DET
ijassa-277	47	18	advances	advance	NOUN
ijassa-277	47	19	in	in	ADP
ijassa-277	47	20	systems	system	NOUN
ijassa-277	47	21	science	science	NOUN
ijassa-277	47	22	and	and	CCONJ
ijassa-277	47	23	applications	application	NOUN
ijassa-277	47	24	(	(	PUNCT
ijassa-277	47	25	2010	2010	NUM
ijassa-277	47	26	)	)	PUNCT
ijassa-277	47	27	,	,	PUNCT
ijassa-277	47	28	vol.10	vol.10	NOUN
ijassa-277	47	29	,	,	PUNCT
ijassa-277	47	30	no.1	no.1	X
ijassa-277	47	31	 	 	SPACE
ijassa-277	47	32	57	57	NUM
ijassa-277	47	33	abnormal	abnormal	ADJ
ijassa-277	47	34	returns	return	NOUN
ijassa-277	47	35	on	on	ADP
ijassa-277	47	36	the	the	DET
ijassa-277	47	37	first	first	ADJ
ijassa-277	47	38	listed	list	VERB
ijassa-277	47	39	day	day	NOUN
ijassa-277	47	40	.	.	PUNCT
ijassa-277	48	1	the	the	DET
ijassa-277	48	2	reform	reform	NOUN
ijassa-277	48	3	of	of	ADP
ijassa-277	48	4	split	split	ADJ
ijassa-277	48	5	share	share	NOUN
ijassa-277	48	6	structure	structure	NOUN
ijassa-277	48	7	will	will	AUX
ijassa-277	48	8	change	change	VERB
ijassa-277	48	9	the	the	DET
ijassa-277	48	10	expectations	expectation	NOUN
ijassa-277	48	11	of	of	ADP
ijassa-277	48	12	the	the	DET
ijassa-277	48	13	investors	investor	NOUN
ijassa-277	48	14	and	and	CCONJ
ijassa-277	48	15	cause	cause	VERB
ijassa-277	48	16	the	the	DET
ijassa-277	48	17	fluctuations	fluctuation	NOUN
ijassa-277	48	18	of	of	ADP
ijassa-277	48	19	stock	stock	NOUN
ijassa-277	48	20	prices	price	NOUN
ijassa-277	48	21	.	.	PUNCT
ijassa-277	49	1	so	so	ADV
ijassa-277	49	2	it	it	PRON
ijassa-277	49	3	is	be	AUX
ijassa-277	49	4	thought	think	VERB
ijassa-277	49	5	that	that	SCONJ
ijassa-277	49	6	listed	list	VERB
ijassa-277	49	7	before	before	ADP
ijassa-277	49	8	or	or	CCONJ
ijassa-277	49	9	after	after	ADP
ijassa-277	49	10	the	the	DET
ijassa-277	49	11	reform	reform	NOUN
ijassa-277	49	12	of	of	ADP
ijassa-277	49	13	split	split	ADJ
ijassa-277	49	14	share	share	NOUN
ijassa-277	49	15	structure	structure	NOUN
ijassa-277	49	16	is	be	AUX
ijassa-277	49	17	related	relate	VERB
ijassa-277	49	18	to	to	ADP
ijassa-277	49	19	the	the	DET
ijassa-277	49	20	abnormal	abnormal	ADJ
ijassa-277	49	21	returns	return	NOUN
ijassa-277	49	22	on	on	ADP
ijassa-277	49	23	the	the	DET
ijassa-277	49	24	first	first	ADJ
ijassa-277	49	25	listed	list	VERB
ijassa-277	49	26	day	day	NOUN
ijassa-277	49	27	.	.	PUNCT
ijassa-277	50	1	3	3	X
ijassa-277	50	2	.	.	X
ijassa-277	50	3	empirical	empirical	ADJ
ijassa-277	50	4	studies	study	NOUN
ijassa-277	50	5	3.1	3.1	NUM
ijassa-277	50	6	multivariate	multivariate	NOUN
ijassa-277	50	7	linear	linear	PROPN
ijassa-277	50	8	regression	regression	NOUN
ijassa-277	50	9	model	model	NOUN
ijassa-277	50	10	ⅰ	ⅰ	X
ijassa-277	50	11	3.1.1	3.1.1	NUM
ijassa-277	50	12	variables	variable	NOUN
ijassa-277	50	13	according	accord	VERB
ijassa-277	50	14	to	to	ADP
ijassa-277	50	15	the	the	DET
ijassa-277	50	16	above	above	ADV
ijassa-277	50	17	-	-	PUNCT
ijassa-277	50	18	mentioned	mention	VERB
ijassa-277	50	19	hypotheses	hypothesis	NOUN
ijassa-277	50	20	,	,	PUNCT
ijassa-277	50	21	this	this	DET
ijassa-277	50	22	model	model	NOUN
ijassa-277	50	23	includes	include	VERB
ijassa-277	50	24	following	follow	VERB
ijassa-277	50	25	variables	variable	NOUN
ijassa-277	50	26	,	,	PUNCT
ijassa-277	50	27	r	r	NOUN
ijassa-277	50	28	(	(	PUNCT
ijassa-277	50	29	abnormal	abnormal	ADJ
ijassa-277	50	30	returns)、t	returns)、t	NOUN
ijassa-277	50	31	(	(	PUNCT
ijassa-277	50	32	turnover	turnover	NOUN
ijassa-277	50	33	rates)、p	rates)、p	NOUN
ijassa-277	50	34	(	(	PUNCT
ijassa-277	50	35	issuing	issue	VERB
ijassa-277	50	36	price)、n	price)、n	NOUN
ijassa-277	50	37	(	(	PUNCT
ijassa-277	50	38	net	net	ADJ
ijassa-277	50	39	asset	asset	NOUN
ijassa-277	50	40	per	per	ADP
ijassa-277	50	41	share	share	NOUN
ijassa-277	50	42	before	before	ADP
ijassa-277	50	43	issuance)、e	issuance)、e	PROPN
ijassa-277	50	44	(	(	PUNCT
ijassa-277	50	45	p	p	X
ijassa-277	50	46	/	/	SYM
ijassa-277	50	47	e	e	NOUN
ijassa-277	50	48	ratio)、l	ratio)、l	NOUN
ijassa-277	50	49	(	(	PUNCT
ijassa-277	50	50	logarithm	logarithm	NOUN
ijassa-277	50	51	of	of	ADP
ijassa-277	50	52	the	the	DET
ijassa-277	50	53	size	size	NOUN
ijassa-277	50	54	of	of	ADP
ijassa-277	50	55	money	money	NOUN
ijassa-277	50	56	raised)、i	raised)、i	PROPN
ijassa-277	50	57	(	(	PUNCT
ijassa-277	50	58	market	market	NOUN
ijassa-277	50	59	index	index	NOUN
ijassa-277	50	60	,	,	PUNCT
ijassa-277	50	61	the	the	DET
ijassa-277	50	62	sum	sum	NOUN
ijassa-277	50	63	of	of	ADP
ijassa-277	50	64	the	the	DET
ijassa-277	50	65	comprehensive	comprehensive	ADJ
ijassa-277	50	66	index	index	NOUN
ijassa-277	50	67	of	of	ADP
ijassa-277	50	68	shanghai	shanghai	PROPN
ijassa-277	50	69	stock	stock	PROPN
ijassa-277	50	70	exchange	exchange	PROPN
ijassa-277	50	71	and	and	CCONJ
ijassa-277	50	72	the	the	DET
ijassa-277	50	73	composite	composite	ADJ
ijassa-277	50	74	index	index	NOUN
ijassa-277	50	75	of	of	ADP
ijassa-277	50	76	shenzhen	shenzhen	PROPN
ijassa-277	50	77	stock	stock	PROPN
ijassa-277	50	78	exchange	exchange	PROPN
ijassa-277	50	79	is	be	AUX
ijassa-277	50	80	adopted	adopt	VERB
ijassa-277	50	81	hereby)、c	hereby)、c	VERB
ijassa-277	50	82	(	(	PUNCT
ijassa-277	50	83	change	change	NOUN
ijassa-277	50	84	of	of	ADP
ijassa-277	50	85	policy	policy	NOUN
ijassa-277	50	86	,	,	PUNCT
ijassa-277	50	87	a	a	DET
ijassa-277	50	88	dummy	dummy	ADJ
ijassa-277	50	89	variable	variable	NOUN
ijassa-277	50	90	,	,	PUNCT
ijassa-277	50	91	its	its	PRON
ijassa-277	50	92	value	value	NOUN
ijassa-277	50	93	is	be	AUX
ijassa-277	50	94	1	1	NUM
ijassa-277	50	95	for	for	ADP
ijassa-277	50	96	the	the	DET
ijassa-277	50	97	stock	stock	NOUN
ijassa-277	50	98	issued	issue	VERB
ijassa-277	50	99	before	before	ADP
ijassa-277	50	100	the	the	DET
ijassa-277	50	101	implementation	implementation	NOUN
ijassa-277	50	102	of	of	ADP
ijassa-277	50	103	the	the	DET
ijassa-277	50	104	reform	reform	NOUN
ijassa-277	50	105	of	of	ADP
ijassa-277	50	106	split	split	ADJ
ijassa-277	50	107	share	share	NOUN
ijassa-277	50	108	structure	structure	NOUN
ijassa-277	50	109	,	,	PUNCT
ijassa-277	50	110	otherwise	otherwise	ADV
ijassa-277	50	111	0)、r	0)、r	NOUN
ijassa-277	50	112	(	(	PUNCT
ijassa-277	50	113	negotiable	negotiable	ADJ
ijassa-277	50	114	share	share	NOUN
ijassa-277	50	115	ratio)、m	ratio)、m	NOUN
ijassa-277	50	116	(	(	PUNCT
ijassa-277	50	117	methods	method	NOUN
ijassa-277	50	118	of	of	ADP
ijassa-277	50	119	issuance	issuance	NOUN
ijassa-277	50	120	,	,	PUNCT
ijassa-277	50	121	dummy	dummy	ADJ
ijassa-277	50	122	variables	variable	NOUN
ijassa-277	50	123	.	.	PUNCT
ijassa-277	51	1	three	three	NUM
ijassa-277	51	2	kinds	kind	NOUN
ijassa-277	51	3	of	of	ADP
ijassa-277	51	4	them	they	PRON
ijassa-277	51	5	,	,	PUNCT
ijassa-277	51	6	m1	m1	PROPN
ijassa-277	51	7	、	、	NOUN
ijassa-277	51	8	m2	m2	PROPN
ijassa-277	51	9	and	and	CCONJ
ijassa-277	51	10	m3	m3	PROPN
ijassa-277	51	11	are	be	AUX
ijassa-277	51	12	involved	involve	VERB
ijassa-277	51	13	hereby	hereby	ADV
ijassa-277	51	14	,	,	PUNCT
ijassa-277	51	15	where	where	SCONJ
ijassa-277	51	16	m1	m1	PROPN
ijassa-277	51	17	is	be	AUX
ijassa-277	51	18	the	the	DET
ijassa-277	51	19	combination	combination	NOUN
ijassa-277	51	20	of	of	ADP
ijassa-277	51	21	issuance	issuance	NOUN
ijassa-277	51	22	through	through	ADP
ijassa-277	51	23	the	the	DET
ijassa-277	51	24	trading	trading	NOUN
ijassa-277	51	25	network	network	NOUN
ijassa-277	51	26	with	with	ADP
ijassa-277	51	27	fixed	fix	VERB
ijassa-277	51	28	price	price	NOUN
ijassa-277	51	29	and	and	CCONJ
ijassa-277	51	30	issuance	issuance	NOUN
ijassa-277	51	31	off	off	ADP
ijassa-277	51	32	the	the	DET
ijassa-277	51	33	trading	trading	NOUN
ijassa-277	51	34	network	network	NOUN
ijassa-277	51	35	by	by	ADP
ijassa-277	51	36	inquiry	inquiry	NOUN
ijassa-277	51	37	;	;	PUNCT
ijassa-277	51	38	m2	m2	PROPN
ijassa-277	51	39	is	be	AUX
ijassa-277	51	40	the	the	DET
ijassa-277	51	41	combination	combination	NOUN
ijassa-277	51	42	of	of	ADP
ijassa-277	51	43	issuance	issuance	NOUN
ijassa-277	51	44	off	off	ADP
ijassa-277	51	45	the	the	DET
ijassa-277	51	46	trading	trading	NOUN
ijassa-277	51	47	network	network	NOUN
ijassa-277	51	48	by	by	ADP
ijassa-277	51	49	inquiry	inquiry	NOUN
ijassa-277	51	50	and	and	CCONJ
ijassa-277	51	51	the	the	DET
ijassa-277	51	52	secondary	secondary	ADJ
ijassa-277	51	53	market	market	NOUN
ijassa-277	51	54	placement	placement	NOUN
ijassa-277	51	55	;	;	PUNCT
ijassa-277	51	56	m3	m3	PROPN
ijassa-277	51	57	is	be	AUX
ijassa-277	51	58	the	the	DET
ijassa-277	51	59	secondary	secondary	ADJ
ijassa-277	51	60	market	market	NOUN
ijassa-277	51	61	placement	placement	NOUN
ijassa-277	51	62	)	)	PUNCT
ijassa-277	51	63	.	.	PUNCT
ijassa-277	52	1	3.1.2	3.1.2	NUM
ijassa-277	52	2	model	model	NOUN
ijassa-277	52	3	ⅰ	ⅰ	PROPN
ijassa-277	52	4	3	3	NUM
ijassa-277	52	5	1	1	NUM
ijassa-277	52	6	2	2	NUM
ijassa-277	52	7	3	3	NUM
ijassa-277	52	8	4	4	NUM
ijassa-277	52	9	5	5	NUM
ijassa-277	52	10	6	6	NUM
ijassa-277	52	11	7	7	NUM
ijassa-277	52	12	8	8	NUM
ijassa-277	52	13	9	9	NUM
ijassa-277	52	14	1	1	NUM
ijassa-277	52	15	j	j	PROPN
ijassa-277	52	16	j	j	PROPN
ijassa-277	52	17	j	j	PROPN
ijassa-277	52	18	r	r	PROPN
ijassa-277	52	19	p	p	PROPN
ijassa-277	52	20	t	t	PROPN
ijassa-277	52	21	n	n	NOUN
ijassa-277	52	22	e	e	NOUN
ijassa-277	52	23	r	r	NOUN
ijassa-277	52	24	l	l	NOUN
ijassa-277	53	1	i	i	PRON
ijassa-277	53	2	c	c	VERB
ijassa-277	53	3	mα	mα	ADP
ijassa-277	53	4	β	β	X
ijassa-277	53	5	β	β	X
ijassa-277	53	6	β	β	X
ijassa-277	53	7	β	β	X
ijassa-277	53	8	β	β	X
ijassa-277	53	9	β	β	X
ijassa-277	53	10	β	β	X
ijassa-277	53	11	β	β	X
ijassa-277	53	12	β	β	X
ijassa-277	53	13	ε	ε	X
ijassa-277	53	14	=	=	PUNCT
ijassa-277	54	1	=	=	PUNCT
ijassa-277	55	1	+	+	PUNCT
ijassa-277	56	1	+	+	PUNCT
ijassa-277	56	2	+	+	PUNCT
ijassa-277	56	3	+	+	PUNCT
ijassa-277	56	4	+	+	PUNCT
ijassa-277	56	5	+	+	PUNCT
ijassa-277	56	6	+	+	PUNCT
ijassa-277	56	7	+	+	PUNCT
ijassa-277	56	8	+	+	X
ijassa-277	56	9	+	+	ADJ
ijassa-277	56	10	∑	∑	PROPN
ijassa-277	56	11	(	(	PUNCT
ijassa-277	56	12	2	2	NUM
ijassa-277	56	13	)	)	PUNCT
ijassa-277	56	14	where	where	SCONJ
ijassa-277	56	15	,	,	PUNCT
ijassa-277	56	16	r	r	NOUN
ijassa-277	56	17	is	be	AUX
ijassa-277	56	18	dependent	dependent	ADJ
ijassa-277	56	19	variable	variable	NOUN
ijassa-277	56	20	,	,	PUNCT
ijassa-277	56	21	p	p	PROPN
ijassa-277	56	22	、	、	PROPN
ijassa-277	56	23	t	t	PROPN
ijassa-277	56	24	、	、	PROPN
ijassa-277	56	25	n	n	NOUN
ijassa-277	56	26	、	、	NOUN
ijassa-277	56	27	e	e	NOUN
ijassa-277	56	28	、	、	NOUN
ijassa-277	56	29	r	r	NOUN
ijassa-277	56	30	、	、	NOUN
ijassa-277	56	31	l	l	NOUN
ijassa-277	56	32	、	、	NOUN
ijassa-277	56	33	i	i	PRON
ijassa-277	56	34	、	、	VERB
ijassa-277	56	35	jm	jm	PROPN
ijassa-277	56	36	（	（	PROPN
ijassa-277	56	37	1	1	NUM
ijassa-277	56	38	,	,	PUNCT
ijassa-277	56	39	2,3j	2,3j	NUM
ijassa-277	56	40	=	=	SYM
ijassa-277	56	41	）	）	PUNCT
ijassa-277	56	42	、	、	NOUN
ijassa-277	56	43	c	c	NOUN
ijassa-277	56	44	are	be	AUX
ijassa-277	56	45	independent	independent	ADJ
ijassa-277	56	46	variables	variable	NOUN
ijassa-277	56	47	,	,	PUNCT
ijassa-277	56	48	iβ	iβ	ADP
ijassa-277	56	49	(	(	PUNCT
ijassa-277	56	50	1	1	NUM
ijassa-277	56	51	,	,	PUNCT
ijassa-277	56	52	2	2	NUM
ijassa-277	56	53	,	,	PUNCT
ijassa-277	56	54	,	,	PUNCT
ijassa-277	56	55	8i	8i	NUM
ijassa-277	56	56	=	=	SYM
ijassa-277	56	57	)	)	PUNCT
ijassa-277	56	58	and	and	CCONJ
ijassa-277	56	59	9	9	NUM
ijassa-277	56	60	jβ	jβ	NOUN
ijassa-277	56	61	(	(	PUNCT
ijassa-277	56	62	1	1	NUM
ijassa-277	56	63	,	,	PUNCT
ijassa-277	56	64	2,3j	2,3j	NUM
ijassa-277	56	65	=	=	PUNCT
ijassa-277	56	66	)	)	PUNCT
ijassa-277	56	67	are	be	AUX
ijassa-277	56	68	coefficients	coefficient	NOUN
ijassa-277	56	69	,	,	PUNCT
ijassa-277	56	70	α	α	PROPN
ijassa-277	56	71	is	be	AUX
ijassa-277	56	72	constant	constant	ADJ
ijassa-277	56	73	,	,	PUNCT
ijassa-277	56	74	ε	ε	PROPN
ijassa-277	56	75	is	be	AUX
ijassa-277	56	76	stochastic	stochastic	ADJ
ijassa-277	56	77	error	error	NOUN
ijassa-277	56	78	.	.	PUNCT
ijassa-277	57	1	3.1.3	3.1.3	NUM
ijassa-277	57	2	empirical	empirical	ADJ
ijassa-277	57	3	analysis	analysis	NOUN
ijassa-277	57	4	process	process	NOUN
ijassa-277	57	5	first	first	ADV
ijassa-277	57	6	,	,	PUNCT
ijassa-277	57	7	exclude	exclude	VERB
ijassa-277	57	8	multicollinearity	multicollinearity	NOUN
ijassa-277	57	9	.	.	PUNCT
ijassa-277	58	1	this	this	PRON
ijassa-277	58	2	can	can	AUX
ijassa-277	58	3	be	be	AUX
ijassa-277	58	4	done	do	VERB
ijassa-277	58	5	in	in	ADP
ijassa-277	58	6	two	two	NUM
ijassa-277	58	7	ways	way	NOUN
ijassa-277	58	8	.	.	PUNCT
ijassa-277	59	1	one	one	NUM
ijassa-277	59	2	way	way	NOUN
ijassa-277	59	3	is	be	AUX
ijassa-277	59	4	to	to	PART
ijassa-277	59	5	examine	examine	VERB
ijassa-277	59	6	tolerance	tolerance	NOUN
ijassa-277	59	7	and	and	CCONJ
ijassa-277	59	8	variance	variance	NOUN
ijassa-277	59	9	inflating	inflate	VERB
ijassa-277	59	10	factor	factor	NOUN
ijassa-277	59	11	.	.	PUNCT
ijassa-277	60	1	when	when	SCONJ
ijassa-277	60	2	the	the	DET
ijassa-277	60	3	tolerance	tolerance	NOUN
ijassa-277	60	4	is	be	AUX
ijassa-277	60	5	not	not	PART
ijassa-277	60	6	bigger	big	ADJ
ijassa-277	60	7	than	than	ADP
ijassa-277	60	8	or	or	CCONJ
ijassa-277	60	9	near	near	ADP
ijassa-277	60	10	0.1	0.1	NUM
ijassa-277	60	11	and	and	CCONJ
ijassa-277	60	12	variance	variance	NOUN
ijassa-277	60	13	inflating	inflate	VERB
ijassa-277	60	14	factor	factor	NOUN
ijassa-277	60	15	is	be	AUX
ijassa-277	60	16	bigger	big	ADJ
ijassa-277	60	17	than	than	ADP
ijassa-277	60	18	10	10	NUM
ijassa-277	60	19	,	,	PUNCT
ijassa-277	60	20	multicollinearity	multicollinearity	NOUN
ijassa-277	60	21	may	may	AUX
ijassa-277	60	22	exist	exist	VERB
ijassa-277	60	23	.	.	PUNCT
ijassa-277	61	1	the	the	DET
ijassa-277	61	2	variable	variable	NOUN
ijassa-277	61	3	correlated	correlate	VERB
ijassa-277	61	4	more	more	ADV
ijassa-277	61	5	with	with	ADP
ijassa-277	61	6	other	other	ADJ
ijassa-277	61	7	variables	variable	NOUN
ijassa-277	61	8	should	should	AUX
ijassa-277	61	9	be	be	AUX
ijassa-277	61	10	deleted	delete	VERB
ijassa-277	61	11	.	.	PUNCT
ijassa-277	62	1	the	the	DET
ijassa-277	62	2	other	other	ADJ
ijassa-277	62	3	way	way	NOUN
ijassa-277	62	4	is	be	AUX
ijassa-277	62	5	to	to	PART
ijassa-277	62	6	examine	examine	VERB
ijassa-277	62	7	the	the	DET
ijassa-277	62	8	condition	condition	NOUN
ijassa-277	62	9	index	index	NOUN
ijassa-277	62	10	and	and	CCONJ
ijassa-277	62	11	variance	variance	NOUN
ijassa-277	62	12	ratio	ratio	NOUN
ijassa-277	62	13	.	.	PUNCT
ijassa-277	63	1	when	when	SCONJ
ijassa-277	63	2	the	the	DET
ijassa-277	63	3	condition	condition	NOUN
ijassa-277	63	4	index	index	NOUN
ijassa-277	63	5	of	of	ADP
ijassa-277	63	6	some	some	DET
ijassa-277	63	7	row	row	NOUN
ijassa-277	63	8	in	in	ADP
ijassa-277	63	9	the	the	DET
ijassa-277	63	10	collinearity	collinearity	NOUN
ijassa-277	63	11	diagnose	diagnose	NOUN
ijassa-277	63	12	table	table	NOUN
ijassa-277	63	13	is	be	AUX
ijassa-277	63	14	bigger	big	ADJ
ijassa-277	63	15	than	than	ADP
ijassa-277	63	16	15	15	NUM
ijassa-277	63	17	and	and	CCONJ
ijassa-277	63	18	at	at	ADV
ijassa-277	63	19	least	least	ADV
ijassa-277	63	20	two	two	NUM
ijassa-277	63	21	variables	variable	NOUN
ijassa-277	63	22	have	have	VERB
ijassa-277	63	23	variance	variance	NOUN
ijassa-277	63	24	ratios	ratio	NOUN
ijassa-277	63	25	bigger	big	ADJ
ijassa-277	63	26	than	than	ADP
ijassa-277	63	27	0.90	0.90	NUM
ijassa-277	63	28	,	,	PUNCT
ijassa-277	63	29	multicollinearity	multicollinearity	NOUN
ijassa-277	63	30	may	may	AUX
ijassa-277	63	31	exist	exist	VERB
ijassa-277	63	32	.	.	PUNCT
ijassa-277	64	1	the	the	DET
ijassa-277	64	2	variable	variable	NOUN
ijassa-277	64	3	correlated	correlate	VERB
ijassa-277	64	4	more	more	ADV
ijassa-277	64	5	with	with	ADP
ijassa-277	64	6	other	other	ADJ
ijassa-277	64	7	variables	variable	NOUN
ijassa-277	64	8	should	should	AUX
ijassa-277	64	9	be	be	AUX
ijassa-277	64	10	deleted	delete	VERB
ijassa-277	64	11	.	.	PUNCT
ijassa-277	65	1	second	second	ADV
ijassa-277	65	2	,	,	PUNCT
ijassa-277	65	3	exclude	exclude	VERB
ijassa-277	65	4	abnormal	abnormal	ADJ
ijassa-277	65	5	points	point	NOUN
ijassa-277	65	6	.	.	PUNCT
ijassa-277	66	1	abnormal	abnormal	ADJ
ijassa-277	66	2	points	point	NOUN
ijassa-277	66	3	are	be	AUX
ijassa-277	66	4	points	point	NOUN
ijassa-277	66	5	with	with	ADP
ijassa-277	66	6	extremely	extremely	ADV
ijassa-277	66	7	large	large	ADJ
ijassa-277	66	8	or	or	CCONJ
ijassa-277	66	9	extremely	extremely	ADV
ijassa-277	66	10	small	small	ADJ
ijassa-277	66	11	values	value	NOUN
ijassa-277	66	12	.	.	PUNCT
ijassa-277	67	1	these	these	DET
ijassa-277	67	2	points	point	NOUN
ijassa-277	67	3	should	should	AUX
ijassa-277	67	4	be	be	AUX
ijassa-277	67	5	removed	remove	VERB
ijassa-277	67	6	in	in	ADP
ijassa-277	67	7	order	order	NOUN
ijassa-277	67	8	to	to	PART
ijassa-277	67	9	keep	keep	VERB
ijassa-277	67	10	robust	robust	ADJ
ijassa-277	67	11	.	.	PUNCT
ijassa-277	68	1	third	third	ADV
ijassa-277	68	2	,	,	PUNCT
ijassa-277	68	3	examine	examine	VERB
ijassa-277	68	4	the	the	DET
ijassa-277	68	5	goodness	goodness	NOUN
ijassa-277	68	6	-	-	PUNCT
ijassa-277	68	7	of	of	ADP
ijassa-277	68	8	-	-	PUNCT
ijassa-277	68	9	fit	fit	NOUN
ijassa-277	68	10	.	.	PUNCT
ijassa-277	69	1	if	if	SCONJ
ijassa-277	69	2	the	the	DET
ijassa-277	69	3	regression	regression	NOUN
ijassa-277	69	4	equation	equation	NOUN
ijassa-277	69	5	passes	pass	VERB
ijassa-277	69	6	the	the	DET
ijassa-277	69	7	f	f	NOUN
ijassa-277	69	8	-	-	PUNCT
ijassa-277	69	9	test	test	NOUN
ijassa-277	69	10	,	,	PUNCT
ijassa-277	69	11	the	the	DET
ijassa-277	69	12	equation	equation	NOUN
ijassa-277	69	13	established	establish	VERB
ijassa-277	69	14	.	.	PUNCT
ijassa-277	70	1	the	the	PRON
ijassa-277	70	2	more	more	ADV
ijassa-277	70	3	the	the	DET
ijassa-277	70	4	determinable	determinable	ADJ
ijassa-277	70	5	coefficient	coefficient	NOUN
ijassa-277	70	6	r2is	r2is	NOUN
ijassa-277	70	7	,	,	PUNCT
ijassa-277	70	8	the	the	PRON
ijassa-277	70	9	better	well	ADJ
ijassa-277	70	10	the	the	DET
ijassa-277	70	11	goodness	goodness	NOUN
ijassa-277	70	12	-	-	PUNCT
ijassa-277	70	13	of	of	ADP
ijassa-277	70	14	-	-	PUNCT
ijassa-277	70	15	fit	fit	NOUN
ijassa-277	70	16	is	be	AUX
ijassa-277	70	17	.	.	PUNCT
ijassa-277	71	1	the	the	DET
ijassa-277	71	2	determinable	determinable	ADJ
ijassa-277	71	3	coefficient	coefficient	NOUN
ijassa-277	71	4	used	use	VERB
ijassa-277	71	5	hereby	hereby	ADV
ijassa-277	71	6	is	be	AUX
ijassa-277	71	7	the	the	DET
ijassa-277	71	8	adjusted	adjust	VERB
ijassa-277	71	9	determinable	determinable	ADJ
ijassa-277	71	10	coefficient	coefficient	NOUN
ijassa-277	71	11	,	,	PUNCT
ijassa-277	71	12	adjusted	adjusted	ADJ
ijassa-277	71	13	r2	r2	NOUN
ijassa-277	71	14	.	.	PUNCT
ijassa-277	72	1	fourth	fourth	ADV
ijassa-277	72	2	,	,	PUNCT
ijassa-277	72	3	carry	carry	VERB
ijassa-277	72	4	out	out	ADP
ijassa-277	72	5	t	t	NOUN
ijassa-277	72	6	-	-	PUNCT
ijassa-277	72	7	test	test	NOUN
ijassa-277	72	8	of	of	ADP
ijassa-277	72	9	the	the	DET
ijassa-277	72	10	regression	regression	NOUN
ijassa-277	72	11	coefficients	coefficient	NOUN
ijassa-277	72	12	.	.	PUNCT
ijassa-277	73	1	*	*	PUNCT
ijassa-277	73	2	*	*	PUNCT
ijassa-277	73	3	*	*	VERB
ijassa-277	73	4	stands	stand	VERB
ijassa-277	73	5	for	for	ADP
ijassa-277	73	6	having	having	AUX
ijassa-277	73	7	passed	pass	VERB
ijassa-277	73	8	t	t	PROPN
ijassa-277	73	9	-	-	PUNCT
ijassa-277	73	10	test	test	NOUN
ijassa-277	73	11	at	at	ADP
ijassa-277	73	12	the	the	DET
ijassa-277	73	13	1	1	NUM
ijassa-277	73	14	%	%	NOUN
ijassa-277	73	15	significant	significant	ADJ
ijassa-277	73	16	level	level	NOUN
ijassa-277	73	17	,	,	PUNCT
ijassa-277	73	18	*	*	PUNCT
ijassa-277	73	19	*	*	PUNCT
ijassa-277	73	20	stands	stand	VERB
ijassa-277	73	21	for	for	ADP
ijassa-277	73	22	having	having	AUX
ijassa-277	73	23	passed	pass	VERB
ijassa-277	73	24	t	t	PROPN
ijassa-277	73	25	-	-	PUNCT
ijassa-277	73	26	test	test	NOUN
ijassa-277	73	27	at	at	ADP
ijassa-277	73	28	the	the	DET
ijassa-277	73	29	5	5	NUM
ijassa-277	73	30	%	%	NOUN
ijassa-277	73	31	significant	significant	ADJ
ijassa-277	73	32	level	level	NOUN
ijassa-277	73	33	,	,	PUNCT
ijassa-277	73	34	and	and	CCONJ
ijassa-277	73	35	*	*	AUX
ijassa-277	73	36	stands	stand	VERB
ijassa-277	73	37	for	for	ADP
ijassa-277	73	38	having	having	AUX
ijassa-277	73	39	passed	pass	VERB
ijassa-277	73	40	t	t	PROPN
ijassa-277	73	41	-	-	PUNCT
ijassa-277	73	42	test	test	NOUN
ijassa-277	73	43	at	at	ADP
ijassa-277	73	44	the	the	DET
ijassa-277	73	45	10	10	NUM
ijassa-277	73	46	%	%	NOUN
ijassa-277	73	47	significant	significant	ADJ
ijassa-277	73	48	level	level	NOUN
ijassa-277	73	49	.	.	PUNCT
ijassa-277	74	1	fifth	fifth	ADJ
ijassa-277	74	2	,	,	PUNCT
ijassa-277	74	3	select	select	ADJ
ijassa-277	74	4	appropriate	appropriate	ADJ
ijassa-277	74	5	regression	regression	NOUN
ijassa-277	74	6	method	method	NOUN
ijassa-277	74	7	.	.	PUNCT
ijassa-277	75	1	weighted	weight	VERB
ijassa-277	75	2	least	least	ADJ
ijassa-277	75	3	squares	square	NOUN
ijassa-277	75	4	method	method	NOUN
ijassa-277	75	5	with	with	ADP
ijassa-277	75	6	total	total	ADJ
ijassa-277	75	7	shares	share	NOUN
ijassa-277	75	8	is	be	AUX
ijassa-277	75	9	adopted	adopt	VERB
ijassa-277	75	10	.	.	PUNCT
ijassa-277	76	1	3.1.4	3.1.4	NUM
ijassa-277	76	2	analysis	analysis	NOUN
ijassa-277	76	3	of	of	ADP
ijassa-277	76	4	the	the	DET
ijassa-277	76	5	regression	regression	NOUN
ijassa-277	76	6	results	result	VERB
ijassa-277	76	7	the	the	DET
ijassa-277	76	8	regression	regression	NOUN
ijassa-277	76	9	results	result	NOUN
ijassa-277	76	10	are	be	AUX
ijassa-277	76	11	listed	list	VERB
ijassa-277	76	12	in	in	ADP
ijassa-277	76	13	table	table	NOUN
ijassa-277	76	14	1	1	NUM
ijassa-277	76	15	and	and	CCONJ
ijassa-277	76	16	table	table	NOUN
ijassa-277	76	17	2	2	NUM
ijassa-277	76	18	.	.	PUNCT
ijassa-277	77	1	m1	m1	NOUN
ijassa-277	77	2	should	should	AUX
ijassa-277	77	3	be	be	AUX
ijassa-277	77	4	removed	remove	VERB
ijassa-277	77	5	due	due	ADP
ijassa-277	77	6	to	to	ADP
ijassa-277	77	7	its	its	PRON
ijassa-277	77	8	tolerance	tolerance	NOUN
ijassa-277	77	9	less	less	ADJ
ijassa-277	77	10	than	than	ADP
ijassa-277	77	11	0.0001	0.0001	NUM
ijassa-277	77	12	.	.	PUNCT
ijassa-277	78	1	α	α	PRON
ijassa-277	78	2	、	、	NOUN
ijassa-277	78	3	t、r、l、i	t、r、l、i	NOUN
ijassa-277	78	4	are	be	AUX
ijassa-277	78	5	significant	significant	ADJ
ijassa-277	78	6	at	at	ADP
ijassa-277	78	7	the	the	DET
ijassa-277	78	8	1	1	NUM
ijassa-277	78	9	%	%	NOUN
ijassa-277	78	10	level	level	NOUN
ijassa-277	78	11	,	,	PUNCT
ijassa-277	78	12	but	but	CCONJ
ijassa-277	79	1	n、p、e、m2	n、p、e、m2	ADV
ijassa-277	79	2	、	、	NOUN
ijassa-277	79	3	m3、c	m3、c	PROPN
ijassa-277	79	4	are	be	AUX
ijassa-277	79	5	not	not	PART
ijassa-277	79	6	significant	significant	ADJ
ijassa-277	79	7	at	at	ADP
ijassa-277	79	8	the	the	DET
ijassa-277	79	9	10	10	NUM
ijassa-277	79	10	%	%	NOUN
ijassa-277	79	11	level	level	NOUN
ijassa-277	79	12	.	.	PUNCT
ijassa-277	80	1	the	the	DET
ijassa-277	80	2	condition	condition	NOUN
ijassa-277	80	3	index	index	NOUN
ijassa-277	80	4	in	in	ADP
ijassa-277	80	5	the	the	DET
ijassa-277	80	6	11th	11th	ADJ
ijassa-277	80	7	row	row	NOUN
ijassa-277	80	8	in	in	ADP
ijassa-277	80	9	table	table	NOUN
ijassa-277	80	10	2	2	NUM
ijassa-277	80	11	is	be	AUX
ijassa-277	80	12	17.020	17.020	NUM
ijassa-277	80	13	,	,	PUNCT
ijassa-277	80	14	bigger	big	ADJ
ijassa-277	80	15	than	than	ADP
ijassa-277	80	16	15	15	NUM
ijassa-277	80	17	,	,	PUNCT
ijassa-277	80	18	and	and	CCONJ
ijassa-277	80	19	the	the	DET
ijassa-277	80	20	variance	variance	NOUN
ijassa-277	80	21	ratios	ratio	NOUN
ijassa-277	80	22	of	of	ADP
ijassa-277	80	23	c	c	PROPN
ijassa-277	80	24	and	and	CCONJ
ijassa-277	80	25	m3	m3	PROPN
ijassa-277	80	26	are	be	AUX
ijassa-277	80	27	both	both	ADV
ijassa-277	80	28	larger	large	ADJ
ijassa-277	80	29	than	than	ADP
ijassa-277	80	30	0.90	0.90	NUM
ijassa-277	80	31	.	.	PUNCT
ijassa-277	81	1	this	this	PRON
ijassa-277	81	2	shows	show	VERB
ijassa-277	81	3	zhao	zhao	NOUN
ijassa-277	81	4	:	:	PUNCT
ijassa-277	81	5	study	study	NOUN
ijassa-277	81	6	on	on	ADP
ijassa-277	81	7	determinants	determinant	NOUN
ijassa-277	81	8	of	of	ADP
ijassa-277	81	9	the	the	DET
ijassa-277	81	10	abnormal	abnormal	ADJ
ijassa-277	81	11	returns	return	NOUN
ijassa-277	81	12	of	of	ADP
ijassa-277	81	13	a	a	DET
ijassa-277	81	14	-	-	PUNCT
ijassa-277	81	15	shares	share	NOUN
ijassa-277	81	16	on	on	ADP
ijassa-277	81	17	the	the	DET
ijassa-277	81	18	first	first	ADJ
ijassa-277	81	19	listed	list	VERB
ijassa-277	81	20	day	day	NOUN
ijassa-277	81	21	58	58	NUM
ijassa-277	81	22	that	that	PRON
ijassa-277	81	23	multicollinearity	multicollinearity	NOUN
ijassa-277	81	24	may	may	AUX
ijassa-277	81	25	exist	exist	VERB
ijassa-277	81	26	and	and	CCONJ
ijassa-277	81	27	the	the	DET
ijassa-277	81	28	model	model	NOUN
ijassa-277	81	29	should	should	AUX
ijassa-277	81	30	be	be	AUX
ijassa-277	81	31	modified	modify	VERB
ijassa-277	81	32	.	.	PUNCT
ijassa-277	82	1	table	table	NOUN
ijassa-277	82	2	1	1	NUM
ijassa-277	82	3	regression	regression	NOUN
ijassa-277	82	4	result	result	NOUN
ijassa-277	82	5	of	of	ADP
ijassa-277	82	6	model	model	NOUN
ijassa-277	82	7	i	i	PRON
ijassa-277	82	8	coefficients	coefficient	VERB
ijassa-277	82	9	non	non	ADJ
ijassa-277	82	10	-	-	ADJ
ijassa-277	82	11	normalized	normalized	ADJ
ijassa-277	82	12	coefficients	coefficient	NOUN
ijassa-277	82	13	normalized	normalize	VERB
ijassa-277	82	14	coefficients	coefficient	NOUN
ijassa-277	82	15	statistics	statistic	NOUN
ijassa-277	82	16	of	of	ADP
ijassa-277	82	17	collinearity	collinearity	PROPN
ijassa-277	82	18	model	model	NOUN
ijassa-277	82	19	b	b	PROPN
ijassa-277	82	20	std	std	PROPN
ijassa-277	82	21	.	.	NOUN
ijassa-277	82	22	error	error	NOUN
ijassa-277	82	23	beta	beta	NOUN
ijassa-277	82	24	t	t	NOUN
ijassa-277	82	25	significance	significance	NOUN
ijassa-277	82	26	tolerance	tolerance	NOUN
ijassa-277	82	27	variance	variance	NOUN
ijassa-277	82	28	inflation	inflation	NOUN
ijassa-277	82	29	factor	factor	NOUN
ijassa-277	82	30	α	α	NOUN
ijassa-277	83	1	4.001	4.001	NUM
ijassa-277	83	2	0.404	0.404	NUM
ijassa-277	83	3	9.907	9.907	NUM
ijassa-277	83	4	0.000	0.000	NUM
ijassa-277	83	5	*	*	PUNCT
ijassa-277	83	6	*	*	PUNCT
ijassa-277	83	7	*	*	PUNCT
ijassa-277	83	8	t	t	PROPN
ijassa-277	83	9	0.270	0.270	NUM
ijassa-277	83	10	0.115	0.115	NUM
ijassa-277	83	11	0.123	0.123	NUM
ijassa-277	83	12	2.339	2.339	NUM
ijassa-277	83	13	0.020	0.020	NUM
ijassa-277	83	14	*	*	PUNCT
ijassa-277	83	15	*	*	PUNCT
ijassa-277	83	16	*	*	PUNCT
ijassa-277	83	17	0.615	0.615	NUM
ijassa-277	83	18	1.625	1.625	NUM
ijassa-277	83	19	n	n	NOUN
ijassa-277	83	20	0.005	0.005	NUM
ijassa-277	83	21	0.026	0.026	NUM
ijassa-277	83	22	0.010	0.010	NUM
ijassa-277	83	23	0.187	0.187	NUM
ijassa-277	83	24	0.852	0.852	NUM
ijassa-277	83	25	0.644	0.644	NUM
ijassa-277	83	26	1.552	1.552	NUM
ijassa-277	83	27	p	p	NOUN
ijassa-277	83	28	-0.007	-0.007	NOUN
ijassa-277	83	29	0.005	0.005	NUM
ijassa-277	83	30	-0.077	-0.077	PUNCT
ijassa-277	83	31	-1.401	-1.401	NUM
ijassa-277	83	32	0.163	0.163	NUM
ijassa-277	84	1	0.559	0.559	NUM
ijassa-277	84	2	1.789	1.789	NUM
ijassa-277	84	3	e	e	NOUN
ijassa-277	84	4	0.002	0.002	NUM
ijassa-277	84	5	0.002	0.002	NUM
ijassa-277	84	6	0.058	0.058	NUM
ijassa-277	84	7	1.031	1.031	NUM
ijassa-277	84	8	0.304	0.304	NUM
ijassa-277	84	9	0.533	0.533	NUM
ijassa-277	84	10	1.877	1.877	NUM
ijassa-277	84	11	r	r	NOUN
ijassa-277	84	12	-0.740	-0.740	PUNCT
ijassa-277	84	13	0.186	0.186	NUM
ijassa-277	84	14	-0.483	-0.483	NUM
ijassa-277	84	15	-3.975	-3.975	NOUN
ijassa-277	84	16	0.000	0.000	NUM
ijassa-277	84	17	*	*	PUNCT
ijassa-277	84	18	*	*	PUNCT
ijassa-277	85	1	*	*	PUNCT
ijassa-277	85	2	0.116	0.116	NUM
ijassa-277	85	3	8.650	8.650	NUM
ijassa-277	85	4	l	l	NOUN
ijassa-277	85	5	-0.164	-0.164	NOUN
ijassa-277	85	6	0.015	0.015	NUM
ijassa-277	85	7	-0.924	-0.924	NOUN
ijassa-277	85	8	-11.184	-11.184	VERB
ijassa-277	85	9	0.000	0.000	NUM
ijassa-277	85	10	*	*	PUNCT
ijassa-277	85	11	*	*	PUNCT
ijassa-277	85	12	*	*	PUNCT
ijassa-277	85	13	0.250	0.250	NUM
ijassa-277	85	14	3.999	3.999	NUM
ijassa-277	86	1	i	i	NOUN
ijassa-277	86	2	0.000	0.000	NUM
ijassa-277	86	3	0.000	0.000	NUM
ijassa-277	86	4	0.888	0.888	NUM
ijassa-277	86	5	9.531	9.531	NUM
ijassa-277	86	6	0.000	0.000	NUM
ijassa-277	86	7	*	*	PUNCT
ijassa-277	86	8	*	*	PUNCT
ijassa-277	86	9	*	*	PUNCT
ijassa-277	86	10	0.196	0.196	NUM
ijassa-277	86	11	5.091	5.091	NUM
ijassa-277	86	12	m2	m2	PROPN
ijassa-277	86	13	-0.179	-0.179	PROPN
ijassa-277	86	14	0.152	0.152	NUM
ijassa-277	86	15	-0.066	-0.066	NUM
ijassa-277	86	16	-1.175	-1.175	PUNCT
ijassa-277	86	17	0.241	0.241	NUM
ijassa-277	86	18	0.548	0.548	NUM
ijassa-277	86	19	1.824	1.824	NUM
ijassa-277	86	20	m3	m3	PROPN
ijassa-277	86	21	0.060	0.060	NUM
ijassa-277	86	22	0.243	0.243	NUM
ijassa-277	86	23	0.069	0.069	NUM
ijassa-277	86	24	0.245	0.245	NUM
ijassa-277	86	25	0.806	0.806	NUM
ijassa-277	86	26	0.022	0.022	NUM
ijassa-277	86	27	45.915	45.915	NUM
ijassa-277	87	1	i	i	PRON
ijassa-277	87	2	c	c	NOUN
ijassa-277	87	3	0.094	0.094	NUM
ijassa-277	87	4	0.229	0.229	NUM
ijassa-277	87	5	0.110	0.110	NUM
ijassa-277	87	6	0.411	0.411	NUM
ijassa-277	87	7	0.682	0.682	NUM
ijassa-277	87	8	0.024	0.024	NUM
ijassa-277	87	9	41.786	41.786	NUM
ijassa-277	87	10	r2	r2	NOUN
ijassa-277	87	11	adjusted	adjust	VERB
ijassa-277	87	12	r2	r2	PROPN
ijassa-277	87	13	f	f	PROPN
ijassa-277	87	14	prob	prob	PROPN
ijassa-277	87	15	>	>	PROPN
ijassa-277	87	16	f	f	PROPN
ijassa-277	87	17	d.w	d.w	PROPN
ijassa-277	87	18	.	.	PROPN
ijassa-277	87	19	0.667	0.667	NUM
ijassa-277	87	20	0.650	0.650	NUM
ijassa-277	87	21	39.122	39.122	NUM
ijassa-277	87	22	0.000	0.000	NUM
ijassa-277	87	23	1.785	1.785	NUM
ijassa-277	87	24	variables	variable	NOUN
ijassa-277	87	25	removed	remove	VERB
ijassa-277	87	26	statistics	statistic	NOUN
ijassa-277	87	27	of	of	ADP
ijassa-277	87	28	collinearity	collinearity	NOUN
ijassa-277	87	29	model	model	NOUN
ijassa-277	87	30	beta	beta	NOUN
ijassa-277	87	31	in	in	ADP
ijassa-277	87	32	t	t	NOUN
ijassa-277	87	33	significance	significance	NOUN
ijassa-277	87	34	partial	partial	ADJ
ijassa-277	87	35	correlation	correlation	NOUN
ijassa-277	87	36	tolerance	tolerance	NOUN
ijassa-277	87	37	variance	variance	NOUN
ijassa-277	87	38	inflation	inflation	NOUN
ijassa-277	87	39	factor	factor	NOUN
ijassa-277	87	40	minimum	minimum	NOUN
ijassa-277	87	41	tolerance	tolerance	NOUN
ijassa-277	87	42	i	i	PRON
ijassa-277	87	43	m1	m1	PROPN
ijassa-277	87	44	.	.	PUNCT
ijassa-277	87	45	.	.	PUNCT
ijassa-277	87	46	.	.	PUNCT
ijassa-277	88	1	.	.	PUNCT
ijassa-277	89	1	0.000	0.000	NUM
ijassa-277	89	2	.	.	PUNCT
ijassa-277	90	1	0.000	0.000	NUM
ijassa-277	90	2	table	table	NOUN
ijassa-277	90	3	2	2	NUM
ijassa-277	90	4	diagnosis	diagnosis	NOUN
ijassa-277	90	5	of	of	ADP
ijassa-277	90	6	collinearity	collinearity	NOUN
ijassa-277	90	7	of	of	ADP
ijassa-277	90	8	model	model	NOUN
ijassa-277	90	9	i	i	PRON
ijassa-277	90	10	variance	variance	NOUN
ijassa-277	90	11	ratio	ratio	NOUN
ijassa-277	90	12	mod	mod	PROPN
ijassa-277	90	13	el	el	PROPN
ijassa-277	90	14	numbers	number	NOUN
ijassa-277	90	15	of	of	ADP
ijassa-277	90	16	dimensi	dimensi	NOUN
ijassa-277	90	17	on	on	ADP
ijassa-277	90	18	eigenval	eigenval	PROPN
ijassa-277	90	19	ue	ue	PROPN
ijassa-277	90	20	condit	condit	NOUN
ijassa-277	90	21	ion	ion	NOUN
ijassa-277	90	22	index	index	NOUN
ijassa-277	90	23	α	α	PROPN
ijassa-277	90	24	t	t	NOUN
ijassa-277	90	25	n	n	CCONJ
ijassa-277	90	26	p	p	NOUN
ijassa-277	90	27	e	e	PROPN
ijassa-277	90	28	r	r	NOUN
ijassa-277	90	29	l	l	NOUN
ijassa-277	91	1	i	i	NOUN
ijassa-277	91	2	m2	m2	PROPN
ijassa-277	91	3	m3	m3	PROPN
ijassa-277	91	4	c	c	NOUN
ijassa-277	91	5	1	1	NUM
ijassa-277	91	6	3.343	3.343	NUM
ijassa-277	91	7	1.000	1.000	NUM
ijassa-277	91	8	0.00	0.00	NUM
ijassa-277	91	9	0.01	0.01	NUM
ijassa-277	91	10	0.01	0.01	NUM
ijassa-277	91	11	0.00	0.00	NUM
ijassa-277	91	12	0.01	0.01	NUM
ijassa-277	91	13	0.01	0.01	NUM
ijassa-277	91	14	0.01	0.01	NUM
ijassa-277	91	15	0.00	0.00	NUM
ijassa-277	91	16	0.00	0.00	NUM
ijassa-277	91	17	0.00	0.00	NUM
ijassa-277	91	18	0.00	0.00	NUM
ijassa-277	91	19	2	2	NUM
ijassa-277	91	20	2.071	2.071	NUM
ijassa-277	91	21	1.270	1.270	NUM
ijassa-277	91	22	0.00	0.00	NUM
ijassa-277	91	23	0.00	0.00	NUM
ijassa-277	91	24	0.00	0.00	NUM
ijassa-277	91	25	0.08	0.08	NUM
ijassa-277	91	26	0.06	0.06	NUM
ijassa-277	91	27	0.01	0.01	NUM
ijassa-277	91	28	0.00	0.00	NUM
ijassa-277	91	29	0.03	0.03	NUM
ijassa-277	91	30	0.00	0.00	NUM
ijassa-277	91	31	0.00	0.00	NUM
ijassa-277	91	32	0.00	0.00	NUM
ijassa-277	91	33	3	3	NUM
ijassa-277	91	34	1.342	1.342	NUM
ijassa-277	91	35	1.578	1.578	NUM
ijassa-277	91	36	0.00	0.00	NUM
ijassa-277	91	37	0.15	0.15	NUM
ijassa-277	91	38	0.10	0.10	NUM
ijassa-277	91	39	0.00	0.00	NUM
ijassa-277	91	40	0.00	0.00	NUM
ijassa-277	91	41	0.00	0.00	NUM
ijassa-277	91	42	0.02	0.02	NUM
ijassa-277	91	43	0.01	0.01	NUM
ijassa-277	91	44	0.03	0.03	NUM
ijassa-277	91	45	0.00	0.00	NUM
ijassa-277	91	46	0.00	0.00	NUM
ijassa-277	91	47	4	4	NUM
ijassa-277	91	48	1.102	1.102	NUM
ijassa-277	91	49	1.742	1.742	NUM
ijassa-277	91	50	0.00	0.00	NUM
ijassa-277	91	51	0.06	0.06	NUM
ijassa-277	91	52	0.28	0.28	NUM
ijassa-277	91	53	0.05	0.05	NUM
ijassa-277	91	54	0.06	0.06	NUM
ijassa-277	91	55	0.00	0.00	NUM
ijassa-277	91	56	0.00	0.00	NUM
ijassa-277	91	57	0.00	0.00	NUM
ijassa-277	91	58	0.09	0.09	NUM
ijassa-277	91	59	0.00	0.00	NUM
ijassa-277	91	60	0.00	0.00	NUM
ijassa-277	91	61	5	5	NUM
ijassa-277	91	62	1.000	1.000	NUM
ijassa-277	91	63	1.828	1.828	NUM
ijassa-277	91	64	1.00	1.00	NUM
ijassa-277	91	65	0.00	0.00	NUM
ijassa-277	91	66	0.00	0.00	NUM
ijassa-277	91	67	0.00	0.00	NUM
ijassa-277	91	68	0.00	0.00	NUM
ijassa-277	91	69	0.00	0.00	NUM
ijassa-277	91	70	0.00	0.00	NUM
ijassa-277	91	71	0.00	0.00	NUM
ijassa-277	91	72	0.00	0.00	NUM
ijassa-277	91	73	0.00	0.00	NUM
ijassa-277	91	74	0.00	0.00	NUM
ijassa-277	91	75	6	6	NUM
ijassa-277	91	76	0.963	0.963	NUM
ijassa-277	91	77	1.864	1.864	NUM
ijassa-277	91	78	0.00	0.00	NUM
ijassa-277	91	79	0.12	0.12	NUM
ijassa-277	91	80	0.01	0.01	NUM
ijassa-277	91	81	0.02	0.02	NUM
ijassa-277	91	82	0.02	0.02	NUM
ijassa-277	91	83	0.00	0.00	NUM
ijassa-277	91	84	0.00	0.00	NUM
ijassa-277	91	85	0.00	0.00	NUM
ijassa-277	91	86	0.40	0.40	NUM
ijassa-277	91	87	0.00	0.00	NUM
ijassa-277	91	88	0.00	0.00	NUM
ijassa-277	91	89	7	7	NUM
ijassa-277	91	90	0.452	0.452	NUM
ijassa-277	91	91	2.720	2.720	NUM
ijassa-277	91	92	0.00	0.00	NUM
ijassa-277	91	93	0.03	0.03	NUM
ijassa-277	91	94	0.02	0.02	NUM
ijassa-277	91	95	0.19	0.19	NUM
ijassa-277	91	96	0.20	0.20	NUM
ijassa-277	91	97	0.03	0.03	NUM
ijassa-277	91	98	0.13	0.13	NUM
ijassa-277	91	99	0.06	0.06	NUM
ijassa-277	91	100	0.01	0.01	NUM
ijassa-277	91	101	0.00	0.00	NUM
ijassa-277	91	102	0.00	0.00	NUM
ijassa-277	91	103	8	8	NUM
ijassa-277	91	104	0.357	0.357	NUM
ijassa-277	91	105	3.058	3.058	NUM
ijassa-277	91	106	0.00	0.00	NUM
ijassa-277	91	107	0.16	0.16	NUM
ijassa-277	91	108	0.38	0.38	NUM
ijassa-277	91	109	0.57	0.57	NUM
ijassa-277	91	110	0.45	0.45	NUM
ijassa-277	91	111	0.00	0.00	NUM
ijassa-277	91	112	0.00	0.00	NUM
ijassa-277	91	113	0.00	0.00	NUM
ijassa-277	91	114	0.00	0.00	NUM
ijassa-277	91	115	0.00	0.00	NUM
ijassa-277	91	116	0.00	0.00	NUM
ijassa-277	91	117	9	9	NUM
ijassa-277	91	118	0.293	0.293	NUM
ijassa-277	91	119	3.376	3.376	NUM
ijassa-277	91	120	0.00	0.00	NUM
ijassa-277	91	121	0.43	0.43	NUM
ijassa-277	91	122	0.09	0.09	NUM
ijassa-277	91	123	0.09	0.09	NUM
ijassa-277	91	124	0.14	0.14	NUM
ijassa-277	91	125	0.01	0.01	NUM
ijassa-277	91	126	0.27	0.27	NUM
ijassa-277	91	127	0.16	0.16	NUM
ijassa-277	91	128	0.03	0.03	NUM
ijassa-277	91	129	0.00	0.00	NUM
ijassa-277	91	130	0.00	0.00	NUM
ijassa-277	91	131	10	10	NUM
ijassa-277	91	132	0.064	0.064	NUM
ijassa-277	91	133	7.213	7.213	NUM
ijassa-277	91	134	0.00	0.00	NUM
ijassa-277	91	135	0.03	0.03	NUM
ijassa-277	91	136	0.10	0.10	NUM
ijassa-277	91	137	0.01	0.01	NUM
ijassa-277	91	138	0.06	0.06	NUM
ijassa-277	91	139	0.90	0.90	NUM
ijassa-277	91	140	0.56	0.56	NUM
ijassa-277	91	141	0.71	0.71	NUM
ijassa-277	91	142	0.00	0.00	NUM
ijassa-277	91	143	0.01	0.01	NUM
ijassa-277	91	144	0.03	0.03	NUM
ijassa-277	91	145	i	i	NOUN
ijassa-277	91	146	11	11	NUM
ijassa-277	91	147	0.012	0.012	NUM
ijassa-277	91	148	17.020	17.020	NUM
ijassa-277	91	149	0.00	0.00	NUM
ijassa-277	91	150	0.01	0.01	NUM
ijassa-277	91	151	0.02	0.02	NUM
ijassa-277	91	152	0.00	0.00	NUM
ijassa-277	91	153	0.00	0.00	NUM
ijassa-277	91	154	0.03	0.03	NUM
ijassa-277	91	155	0.01	0.01	NUM
ijassa-277	91	156	0.03	0.03	NUM
ijassa-277	91	157	0.43	0.43	NUM
ijassa-277	91	158	0.98	0.98	NUM
ijassa-277	91	159	0.96	0.96	NUM
ijassa-277	91	160	3.1.5	3.1.5	NUM
ijassa-277	91	161	the	the	DET
ijassa-277	91	162	modification	modification	NOUN
ijassa-277	91	163	of	of	ADP
ijassa-277	91	164	model	model	NOUN
ijassa-277	91	165	ⅰ	ⅰ	PROPN
ijassa-277	91	166	to	to	PART
ijassa-277	91	167	avoid	avoid	VERB
ijassa-277	91	168	multicollinearity	multicollinearity	NOUN
ijassa-277	91	169	,	,	PUNCT
ijassa-277	91	170	correlation	correlation	NOUN
ijassa-277	91	171	coefficients	coefficient	NOUN
ijassa-277	91	172	are	be	AUX
ijassa-277	91	173	examined	examine	VERB
ijassa-277	91	174	.	.	PUNCT
ijassa-277	92	1	if	if	SCONJ
ijassa-277	92	2	the	the	DET
ijassa-277	92	3	absolute	absolute	ADJ
ijassa-277	92	4	value	value	NOUN
ijassa-277	92	5	of	of	ADP
ijassa-277	92	6	correlation	correlation	NOUN
ijassa-277	92	7	coefficient	coefficient	NOUN
ijassa-277	92	8	of	of	ADP
ijassa-277	92	9	two	two	NUM
ijassa-277	92	10	variables	variable	NOUN
ijassa-277	92	11	is	be	AUX
ijassa-277	92	12	bigger	big	ADJ
ijassa-277	92	13	than	than	ADP
ijassa-277	92	14	0.5	0.5	NUM
ijassa-277	92	15	,	,	PUNCT
ijassa-277	92	16	they	they	PRON
ijassa-277	92	17	can	can	AUX
ijassa-277	92	18	be	be	AUX
ijassa-277	92	19	thought	think	VERB
ijassa-277	92	20	of	of	ADP
ijassa-277	92	21	as	as	ADP
ijassa-277	92	22	having	have	VERB
ijassa-277	92	23	strong	strong	ADJ
ijassa-277	92	24	correlation	correlation	NOUN
ijassa-277	92	25	.	.	PUNCT
ijassa-277	93	1	this	this	PRON
ijassa-277	93	2	may	may	AUX
ijassa-277	93	3	cause	cause	VERB
ijassa-277	93	4	serious	serious	ADJ
ijassa-277	93	5	multicollinearity	multicollinearity	NOUN
ijassa-277	93	6	.	.	PUNCT
ijassa-277	94	1	so	so	ADV
ijassa-277	94	2	stepwise	stepwise	ADJ
ijassa-277	94	3	method	method	NOUN
ijassa-277	94	4	is	be	AUX
ijassa-277	94	5	adopted	adopt	VERB
ijassa-277	94	6	,	,	PUNCT
ijassa-277	94	7	variables	variable	NOUN
ijassa-277	94	8	not	not	PART
ijassa-277	94	9	significant	significant	ADJ
ijassa-277	94	10	are	be	AUX
ijassa-277	94	11	removed	remove	VERB
ijassa-277	94	12	and	and	CCONJ
ijassa-277	94	13	variables	variable	NOUN
ijassa-277	94	14	significant	significant	ADJ
ijassa-277	94	15	are	be	AUX
ijassa-277	94	16	left	leave	VERB
ijassa-277	94	17	.	.	PUNCT
ijassa-277	95	1	(	(	PUNCT
ijassa-277	95	2	1	1	X
ijassa-277	95	3	)	)	PUNCT
ijassa-277	95	4	i	i	PRON
ijassa-277	95	5	and	and	CCONJ
ijassa-277	95	6	e：because	e：because	VERB
ijassa-277	95	7	the	the	DET
ijassa-277	95	8	correlation	correlation	NOUN
ijassa-277	95	9	coefficient	coefficient	NOUN
ijassa-277	95	10	between	between	ADP
ijassa-277	95	11	i	i	PRON
ijassa-277	95	12	and	and	CCONJ
ijassa-277	95	13	e	e	NOUN
ijassa-277	95	14	is	be	AUX
ijassa-277	95	15	almost	almost	ADV
ijassa-277	95	16	0.6	0.6	NUM
ijassa-277	95	17	and	and	CCONJ
ijassa-277	95	18	the	the	DET
ijassa-277	95	19	p	p	NOUN
ijassa-277	95	20	-	-	PUNCT
ijassa-277	95	21	value	value	NOUN
ijassa-277	95	22	of	of	ADP
ijassa-277	95	23	e	e	PROPN
ijassa-277	95	24	in	in	ADP
ijassa-277	95	25	the	the	DET
ijassa-277	95	26	t	t	NOUN
ijassa-277	95	27	-	-	PUNCT
ijassa-277	95	28	test	test	NOUN
ijassa-277	95	29	is	be	AUX
ijassa-277	95	30	0.304	0.304	NUM
ijassa-277	95	31	,	,	PUNCT
ijassa-277	95	32	e	e	PRON
ijassa-277	95	33	is	be	AUX
ijassa-277	95	34	deleted	delete	VERB
ijassa-277	95	35	.	.	PUNCT
ijassa-277	96	1	(	(	PUNCT
ijassa-277	96	2	2	2	X
ijassa-277	96	3	)	)	PUNCT
ijassa-277	96	4	r：r	r：r	NOUN
ijassa-277	96	5	is	be	AUX
ijassa-277	96	6	strongly	strongly	ADV
ijassa-277	96	7	related	relate	VERB
ijassa-277	96	8	with	with	ADP
ijassa-277	96	9	l、c、m1	l、c、m1	PROPN
ijassa-277	96	10	and	and	CCONJ
ijassa-277	96	11	m3	m3	PROPN
ijassa-277	96	12	.	.	PUNCT
ijassa-277	97	1	(	(	PUNCT
ijassa-277	97	2	3	3	X
ijassa-277	97	3	)	)	PUNCT
ijassa-277	97	4	m：m2	m：m2	NOUN
ijassa-277	97	5	and	and	CCONJ
ijassa-277	97	6	m3	m3	PROPN
ijassa-277	97	7	are	be	AUX
ijassa-277	97	8	not	not	PART
ijassa-277	97	9	significant	significant	ADJ
ijassa-277	97	10	at	at	ADP
ijassa-277	97	11	10	10	NUM
ijassa-277	97	12	%	%	NOUN
ijassa-277	97	13	level	level	NOUN
ijassa-277	97	14	.	.	PUNCT
ijassa-277	98	1	(	(	PUNCT
ijassa-277	98	2	4	4	X
ijassa-277	98	3	)	)	PUNCT
ijassa-277	98	4	c：c	c：c	NOUN
ijassa-277	98	5	is	be	AUX
ijassa-277	98	6	not	not	PART
ijassa-277	98	7	significant	significant	ADJ
ijassa-277	98	8	at	at	ADP
ijassa-277	98	9	10	10	NUM
ijassa-277	98	10	%	%	NOUN
ijassa-277	98	11	level	level	NOUN
ijassa-277	98	12	.	.	PUNCT
ijassa-277	99	1	by	by	ADP
ijassa-277	99	2	the	the	DET
ijassa-277	99	3	means	mean	NOUN
ijassa-277	99	4	of	of	ADP
ijassa-277	99	5	stepwise	stepwise	NOUN
ijassa-277	99	6	,	,	PUNCT
ijassa-277	99	7	advances	advance	NOUN
ijassa-277	99	8	in	in	ADP
ijassa-277	99	9	systems	system	NOUN
ijassa-277	99	10	science	science	NOUN
ijassa-277	99	11	and	and	CCONJ
ijassa-277	99	12	applications	application	NOUN
ijassa-277	99	13	(	(	PUNCT
ijassa-277	99	14	2010	2010	NUM
ijassa-277	99	15	)	)	PUNCT
ijassa-277	99	16	,	,	PUNCT
ijassa-277	99	17	vol.10	vol.10	NOUN
ijassa-277	99	18	,	,	PUNCT
ijassa-277	99	19	no.1	no.1	X
ijassa-277	99	20	 	 	SPACE
ijassa-277	99	21	59	59	NUM
ijassa-277	99	22	model	model	NOUN
ijassa-277	99	23	ⅰ	ⅰ	PROPN
ijassa-277	99	24	can	can	AUX
ijassa-277	99	25	be	be	AUX
ijassa-277	99	26	modified	modify	VERB
ijassa-277	99	27	as	as	ADP
ijassa-277	99	28	model	model	NOUN
ijassa-277	99	29	ⅱ.	ⅱ.	PROPN
ijassa-277	99	30	3.2	3.2	NUM
ijassa-277	99	31	model	model	NOUN
ijassa-277	99	32	ⅱ	ⅱ	PROPN
ijassa-277	99	33	1	1	NUM
ijassa-277	99	34	2	2	NUM
ijassa-277	99	35	3r	3r	NUM
ijassa-277	99	36	i	i	PRON
ijassa-277	99	37	t	t	VERB
ijassa-277	99	38	lγ	lγ	ADV
ijassa-277	99	39	εγ	εγ	PROPN
ijassa-277	99	40	γ	γ	X
ijassa-277	99	41	γ=	γ=	PROPN
ijassa-277	100	1	+	+	X
ijassa-277	101	1	+	+	PUNCT
ijassa-277	101	2	+	+	PUNCT
ijassa-277	101	3	+	+	CCONJ
ijassa-277	101	4	(	(	PUNCT
ijassa-277	101	5	3	3	NUM
ijassa-277	101	6	)	)	PUNCT
ijassa-277	101	7	3.2.1	3.2.1	NUM
ijassa-277	101	8	analysis	analysis	NOUN
ijassa-277	101	9	of	of	ADP
ijassa-277	101	10	the	the	DET
ijassa-277	101	11	regression	regression	NOUN
ijassa-277	101	12	coefficients	coefficient	NOUN
ijassa-277	101	13	from	from	ADP
ijassa-277	101	14	table	table	NOUN
ijassa-277	101	15	3	3	NUM
ijassa-277	101	16	,	,	PUNCT
ijassa-277	101	17	it	it	PRON
ijassa-277	101	18	can	can	AUX
ijassa-277	101	19	be	be	AUX
ijassa-277	101	20	found	find	VERB
ijassa-277	101	21	that	that	SCONJ
ijassa-277	101	22	γ、t、l、i	γ、t、l、i	NOUN
ijassa-277	101	23	are	be	AUX
ijassa-277	101	24	all	all	ADV
ijassa-277	101	25	significant	significant	ADJ
ijassa-277	101	26	at	at	ADP
ijassa-277	101	27	1	1	NUM
ijassa-277	101	28	%	%	NOUN
ijassa-277	101	29	level	level	NOUN
ijassa-277	101	30	.	.	PUNCT
ijassa-277	102	1	multicollinearity	multicollinearity	NOUN
ijassa-277	102	2	does	do	AUX
ijassa-277	102	3	not	not	PART
ijassa-277	102	4	exist	exist	VERB
ijassa-277	102	5	in	in	ADP
ijassa-277	102	6	model	model	NOUN
ijassa-277	102	7	ⅱ.	ⅱ.	PROPN
ijassa-277	102	8	3.2.2	3.2.2	NUM
ijassa-277	102	9	analysis	analysis	NOUN
ijassa-277	102	10	of	of	ADP
ijassa-277	102	11	variance	variance	NOUN
ijassa-277	102	12	as	as	SCONJ
ijassa-277	102	13	it	it	PRON
ijassa-277	102	14	is	be	AUX
ijassa-277	102	15	shown	show	VERB
ijassa-277	102	16	in	in	ADP
ijassa-277	102	17	table	table	NOUN
ijassa-277	102	18	3	3	NUM
ijassa-277	102	19	,	,	PUNCT
ijassa-277	102	20	this	this	DET
ijassa-277	102	21	model	model	NOUN
ijassa-277	102	22	has	have	AUX
ijassa-277	102	23	passed	pass	VERB
ijassa-277	102	24	the	the	DET
ijassa-277	102	25	f	f	NOUN
ijassa-277	102	26	-	-	PUNCT
ijassa-277	102	27	test	test	NOUN
ijassa-277	102	28	and	and	CCONJ
ijassa-277	102	29	is	be	AUX
ijassa-277	102	30	significant	significant	ADJ
ijassa-277	102	31	.	.	PUNCT
ijassa-277	103	1	3.2.3	3.2.3	NUM
ijassa-277	103	2	autocorrelation	autocorrelation	NOUN
ijassa-277	103	3	test	test	NOUN
ijassa-277	103	4	through	through	ADP
ijassa-277	103	5	the	the	DET
ijassa-277	103	6	durbin	durbin	ADJ
ijassa-277	103	7	-	-	PUNCT
ijassa-277	103	8	watson	watson	NOUN
ijassa-277	103	9	test	test	NOUN
ijassa-277	103	10	,	,	PUNCT
ijassa-277	103	11	autocorrelation	autocorrelation	NOUN
ijassa-277	103	12	is	be	AUX
ijassa-277	103	13	examined	examine	VERB
ijassa-277	103	14	.	.	PUNCT
ijassa-277	104	1	as	as	SCONJ
ijassa-277	104	2	it	it	PRON
ijassa-277	104	3	is	be	AUX
ijassa-277	104	4	shown	show	VERB
ijassa-277	104	5	in	in	ADP
ijassa-277	104	6	table	table	NOUN
ijassa-277	104	7	3	3	NUM
ijassa-277	104	8	,	,	PUNCT
ijassa-277	104	9	there	there	PRON
ijassa-277	104	10	does	do	AUX
ijassa-277	104	11	not	not	PART
ijassa-277	104	12	exist	exist	VERB
ijassa-277	104	13	autocorrelation	autocorrelation	NOUN
ijassa-277	104	14	in	in	ADP
ijassa-277	104	15	model	model	NOUN
ijassa-277	104	16	ⅱ.	ⅱ.	PROPN
ijassa-277	104	17	table	table	NOUN
ijassa-277	104	18	3	3	NUM
ijassa-277	104	19	regression	regression	NOUN
ijassa-277	104	20	result	result	NOUN
ijassa-277	104	21	of	of	ADP
ijassa-277	104	22	model	model	PROPN
ijassa-277	104	23	ii	ii	PROPN
ijassa-277	104	24	coefficients	coefficient	NOUN
ijassa-277	104	25	non	non	ADJ
ijassa-277	104	26	-	-	ADJ
ijassa-277	104	27	normalized	normalized	ADJ
ijassa-277	104	28	coefficients	coefficient	NOUN
ijassa-277	104	29	normalized	normalize	VERB
ijassa-277	104	30	coefficients	coefficient	NOUN
ijassa-277	104	31	statistics	statistic	NOUN
ijassa-277	104	32	of	of	ADP
ijassa-277	104	33	collinearity	collinearity	PROPN
ijassa-277	104	34	model	model	NOUN
ijassa-277	104	35	b	b	PROPN
ijassa-277	104	36	std	std	PROPN
ijassa-277	104	37	.	.	NOUN
ijassa-277	104	38	error	error	NOUN
ijassa-277	104	39	beta	beta	PROPN
ijassa-277	104	40	t	t	PROPN
ijassa-277	104	41	significa	significa	PROPN
ijassa-277	104	42	nce	nce	PROPN
ijassa-277	104	43	tolerance	tolerance	NOUN
ijassa-277	104	44	variance	variance	NOUN
ijassa-277	104	45	inflation	inflation	NOUN
ijassa-277	104	46	factor	factor	NOUN
ijassa-277	104	47	γ	γ	VERB
ijassa-277	104	48	2.212	2.212	NUM
ijassa-277	104	49	0.226	0.226	NUM
ijassa-277	104	50	9.768	9.768	NUM
ijassa-277	104	51	0.000	0.000	NUM
ijassa-277	104	52	*	*	PUNCT
ijassa-277	105	1	*	*	PUNCT
ijassa-277	105	2	*	*	PUNCT
ijassa-277	105	3	i	i	PRON
ijassa-277	105	4	2.729e-0	2.729e-0	NUM
ijassa-277	105	5	5	5	NUM
ijassa-277	105	6	0.000	0.000	NUM
ijassa-277	105	7	0.661	0.661	NUM
ijassa-277	105	8	14.215	14.215	NUM
ijassa-277	105	9	0.000	0.000	NUM
ijassa-277	105	10	*	*	PUNCT
ijassa-277	105	11	*	*	PUNCT
ijassa-277	106	1	*	*	PUNCT
ijassa-277	106	2	0.898	0.898	NUM
ijassa-277	106	3	1.113	1.113	NUM
ijassa-277	106	4	t	t	NOUN
ijassa-277	106	5	0.337	0.337	NUM
ijassa-277	106	6	0.112	0.112	NUM
ijassa-277	106	7	0.154	0.154	NUM
ijassa-277	106	8	3.005	3.005	NUM
ijassa-277	106	9	0.003	0.003	NUM
ijassa-277	106	10	*	*	PUNCT
ijassa-277	106	11	*	*	PUNCT
ijassa-277	106	12	*	*	PUNCT
ijassa-277	106	13	0.743	0.743	NUM
ijassa-277	106	14	1.345	1.345	NUM
ijassa-277	106	15	ii	ii	NUM
ijassa-277	106	16	l	l	NOUN
ijassa-277	106	17	-0.101	-0.101	PUNCT
ijassa-277	106	18	0.009	0.009	NUM
ijassa-277	106	19	-0.566	-0.566	NUM
ijassa-277	106	20	-11.111	-11.111	NOUN
ijassa-277	106	21	0.000	0.000	NUM
ijassa-277	106	22	*	*	PUNCT
ijassa-277	106	23	*	*	PUNCT
ijassa-277	107	1	*	*	PUNCT
ijassa-277	107	2	0.748	0.748	NUM
ijassa-277	107	3	1.336	1.336	NUM
ijassa-277	107	4	r2	r2	NOUN
ijassa-277	107	5	adjusted	adjust	VERB
ijassa-277	107	6	r2	r2	PROPN
ijassa-277	107	7	f	f	PROPN
ijassa-277	107	8	prob	prob	PROPN
ijassa-277	107	9	>	>	PROPN
ijassa-277	107	10	f	f	PROPN
ijassa-277	107	11	d.w	d.w	PROPN
ijassa-277	107	12	.	.	PUNCT
ijassa-277	108	1	0.607	0.607	NUM
ijassa-277	108	2	0.602	0.602	NUM
ijassa-277	108	3	104.166	104.166	NUM
ijassa-277	108	4	0.000	0.000	NUM
ijassa-277	108	5	1.717	1.717	NUM
ijassa-277	108	6	3.2.4	3.2.4	NUM
ijassa-277	108	7	the	the	DET
ijassa-277	108	8	economic	economic	ADJ
ijassa-277	108	9	explanation	explanation	NOUN
ijassa-277	108	10	of	of	ADP
ijassa-277	108	11	the	the	DET
ijassa-277	108	12	model	model	NOUN
ijassa-277	108	13	based	base	VERB
ijassa-277	108	14	on	on	ADP
ijassa-277	108	15	the	the	DET
ijassa-277	108	16	regression	regression	NOUN
ijassa-277	108	17	equation	equation	NOUN
ijassa-277	108	18	,	,	PUNCT
ijassa-277	108	19	it	it	PRON
ijassa-277	108	20	can	can	AUX
ijassa-277	108	21	be	be	AUX
ijassa-277	108	22	seen	see	VERB
ijassa-277	108	23	that	that	SCONJ
ijassa-277	108	24	r	r	NOUN
ijassa-277	108	25	positively	positively	ADV
ijassa-277	108	26	correlates	correlate	VERB
ijassa-277	108	27	with	with	ADP
ijassa-277	108	28	i	i	PRON
ijassa-277	108	29	and	and	CCONJ
ijassa-277	108	30	t	t	PROPN
ijassa-277	108	31	,	,	PUNCT
ijassa-277	108	32	and	and	CCONJ
ijassa-277	108	33	negatively	negatively	ADV
ijassa-277	108	34	correlates	correlate	VERB
ijassa-277	108	35	with	with	ADP
ijassa-277	108	36	l	l	NOUN
ijassa-277	108	37	.the	.the	PRON
ijassa-277	109	1	regression	regression	NOUN
ijassa-277	109	2	coefficients	coefficient	VERB
ijassa-277	109	3	γ	γ	PROPN
ijassa-277	109	4	、	、	PROPN
ijassa-277	109	5	1γ	1γ	PROPN
ijassa-277	109	6	、	、	NOUN
ijassa-277	109	7	2γ	2γ	NUM
ijassa-277	109	8	、	、	NOUN
ijassa-277	109	9	3γ	3γ	NUM
ijassa-277	109	10	are	be	AUX
ijassa-277	109	11	2.212	2.212	NUM
ijassa-277	109	12	、	、	NOUN
ijassa-277	109	13	2.729e-5、0.337、-0.101	2.729e-5、0.337、-0.101	NUM
ijassa-277	109	14	respectively	respectively	ADV
ijassa-277	109	15	,	,	PUNCT
ijassa-277	109	16	and	and	CCONJ
ijassa-277	109	17	their	their	PRON
ijassa-277	109	18	t	t	NOUN
ijassa-277	109	19	-	-	PUNCT
ijassa-277	109	20	test	test	NOUN
ijassa-277	109	21	values	value	NOUN
ijassa-277	109	22	are	be	AUX
ijassa-277	109	23	9.768、14.215、3.005	9.768、14.215、3.005	NUM
ijassa-277	109	24	and	and	CCONJ
ijassa-277	109	25	-11.111	-11.111	PROPN
ijassa-277	109	26	.	.	PUNCT
ijassa-277	110	1	so	so	ADV
ijassa-277	110	2	they	they	PRON
ijassa-277	110	3	passed	pass	VERB
ijassa-277	110	4	statistical	statistical	ADJ
ijassa-277	110	5	tests	test	NOUN
ijassa-277	110	6	.	.	PUNCT
ijassa-277	111	1	the	the	DET
ijassa-277	111	2	concrete	concrete	ADJ
ijassa-277	111	3	economic	economic	ADJ
ijassa-277	111	4	meanings	meaning	NOUN
ijassa-277	111	5	can	can	AUX
ijassa-277	111	6	be	be	AUX
ijassa-277	111	7	explained	explain	VERB
ijassa-277	111	8	as	as	ADP
ijassa-277	111	9	following	follow	VERB
ijassa-277	111	10	:	:	PUNCT
ijassa-277	111	11	(	(	PUNCT
ijassa-277	111	12	1	1	X
ijassa-277	111	13	)	)	PUNCT
ijassa-277	111	14	t	t	PROPN
ijassa-277	111	15	:	:	PUNCT
ijassa-277	111	16	the	the	DET
ijassa-277	111	17	positive	positive	ADJ
ijassa-277	111	18	correlation	correlation	NOUN
ijassa-277	111	19	between	between	ADP
ijassa-277	111	20	r	r	NOUN
ijassa-277	111	21	and	and	CCONJ
ijassa-277	111	22	t	t	NOUN
ijassa-277	111	23	shows	show	VERB
ijassa-277	111	24	that	that	SCONJ
ijassa-277	111	25	almost	almost	ADV
ijassa-277	111	26	all	all	DET
ijassa-277	111	27	the	the	DET
ijassa-277	111	28	winners	winner	NOUN
ijassa-277	111	29	of	of	ADP
ijassa-277	111	30	the	the	DET
ijassa-277	111	31	subscription	subscription	NOUN
ijassa-277	111	32	wish	wish	VERB
ijassa-277	111	33	to	to	PART
ijassa-277	111	34	sell	sell	VERB
ijassa-277	111	35	stocks	stock	NOUN
ijassa-277	111	36	subscribed	subscribe	VERB
ijassa-277	111	37	in	in	ADP
ijassa-277	111	38	order	order	NOUN
ijassa-277	111	39	to	to	PART
ijassa-277	111	40	gain	gain	VERB
ijassa-277	111	41	higher	high	ADJ
ijassa-277	111	42	yield	yield	NOUN
ijassa-277	111	43	.	.	PUNCT
ijassa-277	112	1	meanwhile	meanwhile	ADV
ijassa-277	112	2	the	the	DET
ijassa-277	112	3	losers	loser	NOUN
ijassa-277	112	4	of	of	ADP
ijassa-277	112	5	the	the	DET
ijassa-277	112	6	subscription	subscription	NOUN
ijassa-277	112	7	want	want	VERB
ijassa-277	112	8	to	to	PART
ijassa-277	112	9	buy	buy	VERB
ijassa-277	112	10	these	these	DET
ijassa-277	112	11	stocks	stock	NOUN
ijassa-277	112	12	eagerly	eagerly	ADV
ijassa-277	112	13	.	.	PUNCT
ijassa-277	113	1	because	because	SCONJ
ijassa-277	113	2	the	the	DET
ijassa-277	113	3	quantity	quantity	NOUN
ijassa-277	113	4	of	of	ADP
ijassa-277	113	5	the	the	DET
ijassa-277	113	6	losers	loser	NOUN
ijassa-277	113	7	is	be	AUX
ijassa-277	113	8	more	more	ADJ
ijassa-277	113	9	than	than	ADP
ijassa-277	113	10	that	that	PRON
ijassa-277	113	11	of	of	ADP
ijassa-277	113	12	the	the	DET
ijassa-277	113	13	winners	winner	NOUN
ijassa-277	113	14	,	,	PUNCT
ijassa-277	113	15	supply	supply	NOUN
ijassa-277	113	16	can	can	AUX
ijassa-277	113	17	not	not	PART
ijassa-277	113	18	meet	meet	VERB
ijassa-277	113	19	demand	demand	NOUN
ijassa-277	113	20	in	in	ADP
ijassa-277	113	21	the	the	DET
ijassa-277	113	22	market	market	NOUN
ijassa-277	113	23	.	.	PUNCT
ijassa-277	114	1	this	this	PRON
ijassa-277	114	2	pushes	push	VERB
ijassa-277	114	3	stock	stock	NOUN
ijassa-277	114	4	prices	price	NOUN
ijassa-277	114	5	upward	upward	ADV
ijassa-277	114	6	continually	continually	ADV
ijassa-277	114	7	and	and	CCONJ
ijassa-277	114	8	the	the	DET
ijassa-277	114	9	closing	closing	NOUN
ijassa-277	114	10	price	price	NOUN
ijassa-277	114	11	on	on	ADP
ijassa-277	114	12	the	the	DET
ijassa-277	114	13	first	first	ADJ
ijassa-277	114	14	listed	list	VERB
ijassa-277	114	15	day	day	NOUN
ijassa-277	114	16	is	be	AUX
ijassa-277	114	17	much	much	ADV
ijassa-277	114	18	higher	high	ADJ
ijassa-277	114	19	than	than	ADP
ijassa-277	114	20	the	the	DET
ijassa-277	114	21	issuing	issuing	NOUN
ijassa-277	114	22	price	price	NOUN
ijassa-277	114	23	.	.	PUNCT
ijassa-277	115	1	(	(	PUNCT
ijassa-277	115	2	2	2	X
ijassa-277	115	3	)	)	PUNCT
ijassa-277	115	4	i	i	PRON
ijassa-277	115	5	:	:	PUNCT
ijassa-277	116	1	the	the	DET
ijassa-277	116	2	partial	partial	ADJ
ijassa-277	116	3	regression	regression	NOUN
ijassa-277	116	4	coefficient	coefficient	NOUN
ijassa-277	116	5	of	of	ADP
ijassa-277	116	6	the	the	DET
ijassa-277	116	7	market	market	NOUN
ijassa-277	116	8	index	index	NOUN
ijassa-277	116	9	is	be	AUX
ijassa-277	116	10	2.729e-05	2.729e-05	NUM
ijassa-277	116	11	.	.	PUNCT
ijassa-277	117	1	this	this	DET
ijassa-277	117	2	result	result	NOUN
ijassa-277	117	3	presents	present	VERB
ijassa-277	117	4	that	that	SCONJ
ijassa-277	117	5	investors	investor	NOUN
ijassa-277	117	6	are	be	AUX
ijassa-277	117	7	more	more	ADV
ijassa-277	117	8	confident	confident	ADJ
ijassa-277	117	9	when	when	SCONJ
ijassa-277	117	10	the	the	DET
ijassa-277	117	11	market	market	NOUN
ijassa-277	117	12	is	be	AUX
ijassa-277	117	13	in	in	ADP
ijassa-277	117	14	good	good	ADJ
ijassa-277	117	15	condition	condition	NOUN
ijassa-277	117	16	.	.	PUNCT
ijassa-277	118	1	this	this	PRON
ijassa-277	118	2	will	will	AUX
ijassa-277	118	3	pull	pull	VERB
ijassa-277	118	4	the	the	DET
ijassa-277	118	5	trading	trading	NOUN
ijassa-277	118	6	price	price	NOUN
ijassa-277	118	7	further	far	ADV
ijassa-277	118	8	on	on	ADP
ijassa-277	118	9	the	the	DET
ijassa-277	118	10	first	first	ADJ
ijassa-277	118	11	listed	list	VERB
ijassa-277	118	12	day	day	NOUN
ijassa-277	118	13	.	.	PUNCT
ijassa-277	119	1	(	(	PUNCT
ijassa-277	119	2	3	3	X
ijassa-277	119	3	)	)	PUNCT
ijassa-277	119	4	l	l	NOUN
ijassa-277	119	5	:	:	PUNCT
ijassa-277	119	6	the	the	DET
ijassa-277	119	7	logarithm	logarithm	NOUN
ijassa-277	119	8	of	of	ADP
ijassa-277	119	9	the	the	DET
ijassa-277	119	10	size	size	NOUN
ijassa-277	119	11	of	of	ADP
ijassa-277	119	12	the	the	DET
ijassa-277	119	13	money	money	NOUN
ijassa-277	119	14	raised	raise	VERB
ijassa-277	119	15	negatively	negatively	ADV
ijassa-277	119	16	correlates	correlate	VERB
ijassa-277	119	17	with	with	ADP
ijassa-277	119	18	the	the	DET
ijassa-277	119	19	abnormal	abnormal	ADJ
ijassa-277	119	20	returns	return	NOUN
ijassa-277	119	21	of	of	ADP
ijassa-277	119	22	newly	newly	ADV
ijassa-277	119	23	issued	issue	VERB
ijassa-277	119	24	stocks	stock	NOUN
ijassa-277	119	25	.	.	PUNCT
ijassa-277	120	1	this	this	PRON
ijassa-277	120	2	shows	show	VERB
ijassa-277	120	3	that	that	SCONJ
ijassa-277	120	4	the	the	DET
ijassa-277	120	5	stocks	stock	NOUN
ijassa-277	120	6	with	with	ADP
ijassa-277	120	7	smaller	small	ADJ
ijassa-277	120	8	size	size	NOUN
ijassa-277	120	9	of	of	ADP
ijassa-277	120	10	the	the	DET
ijassa-277	120	11	money	money	NOUN
ijassa-277	120	12	raised	raise	VERB
ijassa-277	120	13	are	be	AUX
ijassa-277	120	14	favored	favor	VERB
ijassa-277	120	15	by	by	ADP
ijassa-277	120	16	the	the	DET
ijassa-277	120	17	short	short	ADJ
ijassa-277	120	18	-	-	PUNCT
ijassa-277	120	19	term	term	NOUN
ijassa-277	120	20	speculators	speculator	NOUN
ijassa-277	120	21	and	and	CCONJ
ijassa-277	120	22	their	their	PRON
ijassa-277	120	23	abnormal	abnormal	ADJ
ijassa-277	120	24	returns	return	NOUN
ijassa-277	120	25	tend	tend	VERB
ijassa-277	120	26	to	to	PART
ijassa-277	120	27	be	be	AUX
ijassa-277	120	28	higher	high	ADJ
ijassa-277	120	29	.	.	PUNCT
ijassa-277	121	1	but	but	CCONJ
ijassa-277	121	2	the	the	DET
ijassa-277	121	3	stocks	stock	NOUN
ijassa-277	121	4	issued	issue	VERB
ijassa-277	121	5	by	by	ADP
ijassa-277	121	6	some	some	DET
ijassa-277	121	7	large	large	ADJ
ijassa-277	121	8	-	-	PUNCT
ijassa-277	121	9	sized	sized	ADJ
ijassa-277	121	10	companies	company	NOUN
ijassa-277	121	11	supported	support	VERB
ijassa-277	121	12	by	by	ADP
ijassa-277	121	13	the	the	DET
ijassa-277	121	14	state	state	NOUN
ijassa-277	121	15	are	be	AUX
ijassa-277	121	16	not	not	PART
ijassa-277	121	17	favored	favor	VERB
ijassa-277	121	18	by	by	ADP
ijassa-277	121	19	the	the	DET
ijassa-277	121	20	short	short	ADJ
ijassa-277	121	21	-	-	PUNCT
ijassa-277	121	22	term	term	NOUN
ijassa-277	121	23	speculators	speculator	NOUN
ijassa-277	121	24	.	.	PUNCT
ijassa-277	122	1	from	from	ADP
ijassa-277	122	2	another	another	DET
ijassa-277	122	3	view	view	NOUN
ijassa-277	122	4	,	,	PUNCT
ijassa-277	122	5	this	this	PRON
ijassa-277	122	6	tells	tell	VERB
ijassa-277	122	7	that	that	SCONJ
ijassa-277	122	8	asymmetric	asymmetric	ADJ
ijassa-277	122	9	information	information	NOUN
ijassa-277	122	10	theory	theory	NOUN
ijassa-277	122	11	of	of	ADP
ijassa-277	122	12	underpricing	underprice	VERB
ijassa-277	122	13	sponsored	sponsor	VERB
ijassa-277	122	14	by	by	ADP
ijassa-277	122	15	some	some	DET
ijassa-277	122	16	western	western	ADJ
ijassa-277	122	17	economists[7	economists[7	NOUN
ijassa-277	122	18	-	-	SYM
ijassa-277	122	19	9	9	NUM
ijassa-277	122	20	]	]	PUNCT
ijassa-277	122	21	is	be	AUX
ijassa-277	122	22	not	not	PART
ijassa-277	122	23	suitable	suitable	ADJ
ijassa-277	122	24	for	for	ADP
ijassa-277	122	25	china	china	PROPN
ijassa-277	122	26	’s	’s	PART
ijassa-277	122	27	stock	stock	NOUN
ijassa-277	122	28	market	market	NOUN
ijassa-277	122	29	.	.	PUNCT
ijassa-277	123	1	zhao	zhao	NOUN
ijassa-277	123	2	:	:	PUNCT
ijassa-277	123	3	study	study	NOUN
ijassa-277	123	4	on	on	ADP
ijassa-277	123	5	determinants	determinant	NOUN
ijassa-277	123	6	of	of	ADP
ijassa-277	123	7	the	the	DET
ijassa-277	123	8	abnormal	abnormal	ADJ
ijassa-277	123	9	returns	return	NOUN
ijassa-277	123	10	of	of	ADP
ijassa-277	123	11	a	a	DET
ijassa-277	123	12	-	-	PUNCT
ijassa-277	123	13	shares	share	NOUN
ijassa-277	123	14	on	on	ADP
ijassa-277	123	15	the	the	DET
ijassa-277	123	16	first	first	ADJ
ijassa-277	123	17	listed	list	VERB
ijassa-277	123	18	day	day	NOUN
ijassa-277	123	19	60	60	NUM
ijassa-277	123	20	4	4	NUM
ijassa-277	123	21	.	.	PUNCT
ijassa-277	123	22	conclusion	conclusion	NOUN
ijassa-277	123	23	on	on	ADP
ijassa-277	123	24	the	the	DET
ijassa-277	123	25	background	background	NOUN
ijassa-277	123	26	of	of	ADP
ijassa-277	123	27	the	the	DET
ijassa-277	123	28	reform	reform	NOUN
ijassa-277	123	29	of	of	ADP
ijassa-277	123	30	split	split	ADJ
ijassa-277	123	31	share	share	NOUN
ijassa-277	123	32	structure	structure	NOUN
ijassa-277	123	33	,	,	PUNCT
ijassa-277	123	34	through	through	ADP
ijassa-277	123	35	the	the	DET
ijassa-277	123	36	empirical	empirical	ADJ
ijassa-277	123	37	analysis	analysis	NOUN
ijassa-277	123	38	of	of	ADP
ijassa-277	123	39	206	206	NUM
ijassa-277	123	40	a	a	DET
ijassa-277	123	41	-	-	PUNCT
ijassa-277	123	42	shares	share	NOUN
ijassa-277	123	43	issued	issue	VERB
ijassa-277	123	44	and	and	CCONJ
ijassa-277	123	45	listed	list	VERB
ijassa-277	123	46	from	from	ADP
ijassa-277	123	47	january	january	PROPN
ijassa-277	123	48	1st,2004	1st,2004	NUM
ijassa-277	123	49	to	to	ADP
ijassa-277	123	50	december	december	PROPN
ijassa-277	123	51	31st,2007	31st,2007	NUM
ijassa-277	123	52	,	,	PUNCT
ijassa-277	123	53	it	it	PRON
ijassa-277	123	54	is	be	AUX
ijassa-277	123	55	found	find	VERB
ijassa-277	123	56	that	that	SCONJ
ijassa-277	123	57	turnover	turnover	NOUN
ijassa-277	123	58	rate	rate	NOUN
ijassa-277	123	59	on	on	ADP
ijassa-277	123	60	the	the	DET
ijassa-277	123	61	first	first	ADJ
ijassa-277	123	62	listed	list	VERB
ijassa-277	123	63	day	day	NOUN
ijassa-277	123	64	,	,	PUNCT
ijassa-277	123	65	size	size	NOUN
ijassa-277	123	66	of	of	ADP
ijassa-277	123	67	money	money	NOUN
ijassa-277	123	68	raised	raise	VERB
ijassa-277	123	69	,	,	PUNCT
ijassa-277	123	70	and	and	CCONJ
ijassa-277	123	71	market	market	NOUN
ijassa-277	123	72	index，have	index，have	VERB
ijassa-277	123	73	significant	significant	ADJ
ijassa-277	123	74	impact	impact	NOUN
ijassa-277	123	75	on	on	ADP
ijassa-277	123	76	the	the	DET
ijassa-277	123	77	abnormal	abnormal	ADJ
ijassa-277	123	78	returns	return	NOUN
ijassa-277	123	79	of	of	ADP
ijassa-277	123	80	a	a	DET
ijassa-277	123	81	-	-	PUNCT
ijassa-277	123	82	shares	share	NOUN
ijassa-277	123	83	on	on	ADP
ijassa-277	123	84	the	the	DET
ijassa-277	123	85	first	first	ADJ
ijassa-277	123	86	listed	list	VERB
ijassa-277	123	87	day	day	NOUN
ijassa-277	123	88	,	,	PUNCT
ijassa-277	123	89	whereas	whereas	SCONJ
ijassa-277	123	90	,	,	PUNCT
ijassa-277	123	91	the	the	DET
ijassa-277	123	92	influence	influence	NOUN
ijassa-277	123	93	of	of	ADP
ijassa-277	123	94	issuing	issue	VERB
ijassa-277	123	95	price	price	NOUN
ijassa-277	123	96	,	,	PUNCT
ijassa-277	123	97	issuing	issue	VERB
ijassa-277	123	98	p	p	X
ijassa-277	123	99	/	/	SYM
ijassa-277	123	100	e	e	NOUN
ijassa-277	123	101	ratio	ratio	NOUN
ijassa-277	123	102	,	,	PUNCT
ijassa-277	123	103	net	net	ADJ
ijassa-277	123	104	asset	asset	NOUN
ijassa-277	123	105	per	per	ADP
ijassa-277	123	106	share	share	NOUN
ijassa-277	123	107	before	before	ADP
ijassa-277	123	108	issuance	issuance	NOUN
ijassa-277	123	109	,	,	PUNCT
ijassa-277	123	110	real	real	ADJ
ijassa-277	123	111	negotiable	negotiable	ADJ
ijassa-277	123	112	share	share	NOUN
ijassa-277	123	113	ratio	ratio	NOUN
ijassa-277	123	114	after	after	ADP
ijassa-277	123	115	issuance	issuance	NOUN
ijassa-277	123	116	,	,	PUNCT
ijassa-277	123	117	method	method	NOUN
ijassa-277	123	118	of	of	ADP
ijassa-277	123	119	issuance	issuance	NOUN
ijassa-277	123	120	and	and	CCONJ
ijassa-277	123	121	the	the	DET
ijassa-277	123	122	reform	reform	NOUN
ijassa-277	123	123	of	of	ADP
ijassa-277	123	124	split	split	ADJ
ijassa-277	123	125	share	share	NOUN
ijassa-277	123	126	structure	structure	NOUN
ijassa-277	123	127	,	,	PUNCT
ijassa-277	123	128	is	be	AUX
ijassa-277	123	129	not	not	PART
ijassa-277	123	130	significant	significant	ADJ
ijassa-277	123	131	.	.	PUNCT
ijassa-277	124	1	references	reference	NOUN
ijassa-277	124	2	[	[	X
ijassa-277	124	3	1	1	NUM
ijassa-277	124	4	]	]	X
ijassa-277	124	5	yunhui	yunhui	PROPN
ijassa-277	124	6	jin	jin	PROPN
ijassa-277	124	7	,	,	PUNCT
ijassa-277	124	8	wen	wen	PROPN
ijassa-277	124	9	yang	yang	PROPN
ijassa-277	124	10	.	.	PUNCT
ijassa-277	125	1	an	an	DET
ijassa-277	125	2	empirical	empirical	ADJ
ijassa-277	125	3	analysis	analysis	NOUN
ijassa-277	125	4	of	of	ADP
ijassa-277	125	5	the	the	DET
ijassa-277	125	6	phenomenon	phenomenon	NOUN
ijassa-277	125	7	of	of	ADP
ijassa-277	125	8	underpricing	underpricing	NOUN
ijassa-277	125	9	of	of	ADP
ijassa-277	125	10	newly	newly	ADV
ijassa-277	125	11	issued	issue	VERB
ijassa-277	125	12	stocks	stock	NOUN
ijassa-277	125	13	.	.	PUNCT
ijassa-277	126	1	statistical	statistical	ADJ
ijassa-277	126	2	research	research	NOUN
ijassa-277	126	3	,	,	PUNCT
ijassa-277	126	4	2003	2003	NUM
ijassa-277	126	5	,	,	PUNCT
ijassa-277	126	6	3	3	NUM
ijassa-277	126	7	:	:	SYM
ijassa-277	126	8	49	49	NUM
ijassa-277	126	9	-	-	SYM
ijassa-277	126	10	53	53	NUM
ijassa-277	126	11	.	.	PUNCT
ijassa-277	127	1	[	[	X
ijassa-277	127	2	2	2	NUM
ijassa-277	127	3	]	]	X
ijassa-277	127	4	bowen	bowen	PROPN
ijassa-277	127	5	sun	sun	PROPN
ijassa-277	127	6	,	,	PUNCT
ijassa-277	127	7	xiaoguang	xiaoguang	PROPN
ijassa-277	127	8	luo	luo	PROPN
ijassa-277	127	9	,	,	PUNCT
ijassa-277	127	10	baiyu	baiyu	PROPN
ijassa-277	127	11	sun	sun	PROPN
ijassa-277	127	12	and	and	CCONJ
ijassa-277	127	13	tianli	tianli	PROPN
ijassa-277	127	14	liu	liu	PROPN
ijassa-277	127	15	.	.	PUNCT
ijassa-277	128	1	the	the	DET
ijassa-277	128	2	study	study	NOUN
ijassa-277	128	3	on	on	ADP
ijassa-277	128	4	the	the	DET
ijassa-277	128	5	topology	topology	NOUN
ijassa-277	128	6	structure	structure	NOUN
ijassa-277	128	7	of	of	ADP
ijassa-277	128	8	china	china	PROPN
ijassa-277	128	9	stock	stock	NOUN
ijassa-277	128	10	market	market	NOUN
ijassa-277	128	11	and	and	CCONJ
ijassa-277	128	12	the	the	DET
ijassa-277	128	13	self	self	NOUN
ijassa-277	128	14	-	-	PUNCT
ijassa-277	128	15	organized	organize	VERB
ijassa-277	128	16	criticality	criticality	NOUN
ijassa-277	128	17	.	.	PUNCT
ijassa-277	129	1	advances	advance	NOUN
ijassa-277	129	2	in	in	ADP
ijassa-277	129	3	systems	system	NOUN
ijassa-277	129	4	science	science	NOUN
ijassa-277	129	5	and	and	CCONJ
ijassa-277	129	6	applications	application	NOUN
ijassa-277	129	7	,	,	PUNCT
ijassa-277	129	8	2007	2007	NUM
ijassa-277	129	9	,	,	PUNCT
ijassa-277	129	10	7(1	7(1	NUM
ijassa-277	129	11	):	):	PUNCT
ijassa-277	129	12	127	127	NUM
ijassa-277	129	13	-	-	SYM
ijassa-277	129	14	131	131	NUM
ijassa-277	129	15	.	.	PUNCT
ijassa-277	130	1	[	[	X
ijassa-277	130	2	3	3	X
ijassa-277	130	3	]	]	X
ijassa-277	130	4	wei	wei	PROPN
ijassa-277	130	5	xue	xue	PROPN
ijassa-277	130	6	.	.	PUNCT
ijassa-277	131	1	data	datum	NOUN
ijassa-277	131	2	analysis	analysis	NOUN
ijassa-277	131	3	based	base	VERB
ijassa-277	131	4	on	on	ADP
ijassa-277	131	5	spss	spss	PROPN
ijassa-277	131	6	.	.	PUNCT
ijassa-277	132	1	beijing	beijing	PROPN
ijassa-277	132	2	:	:	PUNCT
ijassa-277	133	1	renmin	renmin	PROPN
ijassa-277	133	2	university	university	PROPN
ijassa-277	133	3	of	of	ADP
ijassa-277	133	4	china	china	PROPN
ijassa-277	133	5	press	press	PROPN
ijassa-277	133	6	,	,	PUNCT
ijassa-277	133	7	2006	2006	NUM
ijassa-277	133	8	.	.	PUNCT
ijassa-277	134	1	[	[	X
ijassa-277	134	2	4	4	NUM
ijassa-277	134	3	]	]	X
ijassa-277	134	4	shancun	shancun	PROPN
ijassa-277	134	5	liu	liu	PROPN
ijassa-277	134	6	.	.	PUNCT
ijassa-277	134	7	application	application	NOUN
ijassa-277	134	8	of	of	ADP
ijassa-277	134	9	excel	excel	NOUN
ijassa-277	134	10	in	in	ADP
ijassa-277	134	11	financial	financial	ADJ
ijassa-277	134	12	modeling	modeling	NOUN
ijassa-277	134	13	analysis	analysis	NOUN
ijassa-277	134	14	.	.	PUNCT
ijassa-277	135	1	beijing	beijing	PROPN
ijassa-277	135	2	:	:	PUNCT
ijassa-277	135	3	people	people	NOUN
ijassa-277	135	4	’s	’s	PART
ijassa-277	135	5	postal	postal	ADJ
ijassa-277	135	6	and	and	CCONJ
ijassa-277	135	7	telecommunication	telecommunication	NOUN
ijassa-277	135	8	press	press	NOUN
ijassa-277	135	9	,	,	PUNCT
ijassa-277	135	10	2004	2004	NUM
ijassa-277	135	11	.	.	PUNCT
ijassa-277	136	1	[	[	X
ijassa-277	136	2	5	5	NUM
ijassa-277	136	3	]	]	X
ijassa-277	136	4	huayang	huayang	PROPN
ijassa-277	136	5	yin	yin	PROPN
ijassa-277	136	6	,	,	PUNCT
ijassa-277	136	7	xinping	xinping	PROPN
ijassa-277	136	8	xia	xia	PROPN
ijassa-277	136	9	and	and	CCONJ
ijassa-277	136	10	pengcheng	pengcheng	PROPN
ijassa-277	136	11	zhang	zhang	PROPN
ijassa-277	136	12	.	.	PUNCT
ijassa-277	137	1	factors	factor	NOUN
ijassa-277	137	2	resulting	result	VERB
ijassa-277	137	3	in	in	ADP
ijassa-277	137	4	illiquidity	illiquidity	NOUN
ijassa-277	137	5	premium	premium	NOUN
ijassa-277	137	6	of	of	ADP
ijassa-277	137	7	illiquid	illiquid	ADJ
ijassa-277	137	8	share	share	NOUN
ijassa-277	137	9	in	in	ADP
ijassa-277	137	10	china	china	PROPN
ijassa-277	137	11	.	.	PUNCT
ijassa-277	138	1	advances	advance	NOUN
ijassa-277	138	2	in	in	ADP
ijassa-277	138	3	systems	system	NOUN
ijassa-277	138	4	science	science	NOUN
ijassa-277	138	5	and	and	CCONJ
ijassa-277	138	6	applications	application	NOUN
ijassa-277	138	7	,	,	PUNCT
ijassa-277	138	8	2006	2006	NUM
ijassa-277	138	9	,	,	PUNCT
ijassa-277	138	10	6(1	6(1	NUM
ijassa-277	138	11	):	):	PUNCT
ijassa-277	138	12	161	161	NUM
ijassa-277	138	13	-	-	SYM
ijassa-277	138	14	170	170	NUM
ijassa-277	138	15	.	.	PUNCT
ijassa-277	139	1	[	[	X
ijassa-277	139	2	6	6	NUM
ijassa-277	139	3	]	]	X
ijassa-277	139	4	bo	bo	PROPN
ijassa-277	139	5	qu	qu	PROPN
ijassa-277	139	6	.	.	PUNCT
ijassa-277	140	1	an	an	DET
ijassa-277	140	2	empirical	empirical	ADJ
ijassa-277	140	3	analysis	analysis	NOUN
ijassa-277	140	4	on	on	ADP
ijassa-277	140	5	liquidity	liquidity	NOUN
ijassa-277	140	6	premium	premium	NOUN
ijassa-277	140	7	value	value	NOUN
ijassa-277	140	8	of	of	ADP
ijassa-277	140	9	non	non	ADJ
ijassa-277	140	10	-	-	ADJ
ijassa-277	140	11	floating	floating	ADJ
ijassa-277	140	12	shares	share	NOUN
ijassa-277	140	13	and	and	CCONJ
ijassa-277	140	14	influencing	influence	VERB
ijassa-277	140	15	factors	factor	NOUN
ijassa-277	140	16	based	base	VERB
ijassa-277	140	17	on	on	ADP
ijassa-277	140	18	artificial	artificial	ADJ
ijassa-277	140	19	neural	neural	ADJ
ijassa-277	140	20	network	network	NOUN
ijassa-277	140	21	.	.	PUNCT
ijassa-277	141	1	advances	advance	NOUN
ijassa-277	141	2	in	in	ADP
ijassa-277	141	3	systems	system	NOUN
ijassa-277	141	4	science	science	NOUN
ijassa-277	141	5	and	and	CCONJ
ijassa-277	141	6	applications	application	NOUN
ijassa-277	141	7	,	,	PUNCT
ijassa-277	141	8	2007	2007	NUM
ijassa-277	141	9	,	,	PUNCT
ijassa-277	141	10	7(2	7(2	NUM
ijassa-277	141	11	):	):	PUNCT
ijassa-277	141	12	306	306	NUM
ijassa-277	141	13	-	-	SYM
ijassa-277	141	14	312	312	NUM
ijassa-277	141	15	.	.	PUNCT
ijassa-277	142	1	[	[	X
ijassa-277	142	2	7	7	NUM
ijassa-277	142	3	]	]	SYM
ijassa-277	142	4	allen	allen	PROPN
ijassa-277	142	5	,	,	PUNCT
ijassa-277	142	6	f.	f.	PROPN
ijassa-277	142	7	,	,	PUNCT
ijassa-277	142	8	faulhaber	faulhaber	PROPN
ijassa-277	142	9	,	,	PUNCT
ijassa-277	142	10	g.	g.	PROPN
ijassa-277	142	11	r.	r.	PROPN
ijassa-277	142	12	signaling	signal	VERB
ijassa-277	142	13	by	by	ADP
ijassa-277	142	14	underpricing	underprice	VERB
ijassa-277	142	15	in	in	ADP
ijassa-277	142	16	the	the	DET
ijassa-277	142	17	ipo	ipo	NOUN
ijassa-277	142	18	market	market	NOUN
ijassa-277	142	19	.	.	PUNCT
ijassa-277	143	1	journal	journal	NOUN
ijassa-277	143	2	of	of	ADP
ijassa-277	143	3	financial	financial	ADJ
ijassa-277	143	4	economics	economic	NOUN
ijassa-277	143	5	,	,	PUNCT
ijassa-277	143	6	1989	1989	NUM
ijassa-277	143	7	,	,	PUNCT
ijassa-277	143	8	23(2	23(2	NUM
ijassa-277	143	9	):	):	PUNCT
ijassa-277	143	10	303	303	NUM
ijassa-277	143	11	-	-	SYM
ijassa-277	143	12	324	324	NUM
ijassa-277	143	13	.	.	PUNCT
ijassa-277	144	1	[	[	X
ijassa-277	144	2	8	8	NUM
ijassa-277	144	3	]	]	X
ijassa-277	144	4	grinblatt	grinblatt	NOUN
ijassa-277	144	5	,	,	PUNCT
ijassa-277	144	6	m.	m.	NOUN
ijassa-277	144	7	,	,	PUNCT
ijassa-277	144	8	hwang	hwang	PROPN
ijassa-277	144	9	,	,	PUNCT
ijassa-277	144	10	c.	c.	PROPN
ijassa-277	144	11	y.	y.	PROPN
ijassa-277	144	12	signaling	signal	VERB
ijassa-277	144	13	and	and	CCONJ
ijassa-277	144	14	the	the	DET
ijassa-277	144	15	pricing	pricing	NOUN
ijassa-277	144	16	of	of	ADP
ijassa-277	144	17	unseasoned	unseasoned	ADJ
ijassa-277	144	18	new	new	ADJ
ijassa-277	144	19	issue	issue	NOUN
ijassa-277	144	20	.	.	PUNCT
ijassa-277	145	1	journal	journal	PROPN
ijassa-277	145	2	of	of	ADP
ijassa-277	145	3	finance	finance	NOUN
ijassa-277	145	4	,	,	PUNCT
ijassa-277	145	5	1989	1989	NUM
ijassa-277	145	6	,	,	PUNCT
ijassa-277	145	7	44(2	44(2	NUM
ijassa-277	145	8	):	):	PUNCT
ijassa-277	145	9	393	393	NUM
ijassa-277	145	10	-	-	SYM
ijassa-277	145	11	420	420	NUM
ijassa-277	145	12	.	.	PUNCT
ijassa-277	146	1	[	[	X
ijassa-277	146	2	9	9	NUM
ijassa-277	146	3	]	]	SYM
ijassa-277	146	4	welch	welch	PROPN
ijassa-277	146	5	,	,	PUNCT
ijassa-277	146	6	i.	i.	NOUN
ijassa-277	146	7	seasoned	season	VERB
ijassa-277	146	8	offerings	offering	NOUN
ijassa-277	146	9	,	,	PUNCT
ijassa-277	146	10	imitation	imitation	NOUN
ijassa-277	146	11	costs	cost	NOUN
ijassa-277	146	12	,	,	PUNCT
ijassa-277	146	13	and	and	CCONJ
ijassa-277	146	14	the	the	DET
ijassa-277	146	15	underpricing	underpricing	NOUN
ijassa-277	146	16	of	of	ADP
ijassa-277	146	17	initial	initial	ADJ
ijassa-277	146	18	public	public	ADJ
ijassa-277	146	19	offerings	offering	NOUN
ijassa-277	146	20	.	.	PUNCT
ijassa-277	147	1	journal	journal	NOUN
ijassa-277	147	2	of	of	ADP
ijassa-277	147	3	finance	finance	NOUN
ijassa-277	147	4	,	,	PUNCT
ijassa-277	147	5	1989	1989	NUM
ijassa-277	147	6	,	,	PUNCT
ijassa-277	147	7	44(2	44(2	NUM
ijassa-277	147	8	):	):	PUNCT
ijassa-277	147	9	421	421	NUM
ijassa-277	147	10	-	-	SYM
ijassa-277	147	11	450	450	NUM
ijassa-277	147	12	.	.	PUNCT